The Used Car "crisis" is the archetype of bottleneck-driven inflation. It is included as a component of the CPI, inappropriately, and with an exaggerated weighting, and has skewed the entire index upwards for more than a year. It is, so to speak, inflating "inflation."
The Used Car "crisis" is the archetype of bottleneck-driven inflation. It is included as a component of the CPI, inappropriately, and with an exaggerated weighting, and has skewed the entire index upwards for more than a year. It is, so to speak, inflating "inflation."
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