Hyperdrive
Used-Car Prices Jump by Most in Half-Century, Boost Price Index
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Used-car prices surged in September by the greatest amount in a half-century, accounting for most of the increase in the government’s latest monthly consumer-price index.
The 6.7% jump in seasonally adjusted prices of used vehicles is the largest since February 1969 and follows gains of 5.4% in August and 2.3% in July.