USA Today is now telling us that used car prices may not stay at their record highs. As I explained last week, we expect most items to be hitting record-high prices most of the time, since the economy is seeing moderate rates of inflation, not deflation. However, it turns out that we are not actually seeing record high car prices rights now, at least not according to the Bureau of Labor Statistics. The difference between the indexes referred to in the article and the index shown in the graph is that the Bureau of Labor Statistics adjusts for changes in quality.





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