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Deflation Across The Board For Pandemic Reopening Categories


Declines across the board for pandemic reopening categories MNI tracks (airfares, lodging, used cars, new cars, car/truck rental) for the first time since January 2021.

  • New car prices fell M/M for just the second time this year.
  • Car/Truck rental and Used Car prices have steadied out since bursting higher in 1H 2021. They look like they have much further to deflate in the coming months - both remain 40% above pre-pandemic price levels, vs the 20% gains in the other categories.

Source: BLS, MNI Calculations

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