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One shocking chart shows used-car prices jumping another record amount in May, highlighting the strange gaps in the economy's recovery

10 days ago   |   By Business Insider

Summary List Placement If you're in the market for a used car, be prepared for some sticker shock. Prices are projected to have skyrocketed again in May, and that boom is probably going to be a primary driver of increased inflation.
A note by a group of UBS researchers, led by Alan Detmeister, forecast a 10.8% price increase. That's even higher than April's record-breaking surge of 10%.
Those pre-owned cars are adding significant mileage to inflation in the US. UBS projects that core Consumer Price Index will have another "massive" rise in May; simply put, that means things got even more...
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