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Here's why car prices are so high, and why that matters
CNN
Maybe America's key inflation metric, the Consumer Price Index, should be redubbed the Car Price Index.
CPI climbed to a 13-year high in May, with prices up 5% compared to a year earlier. But about one third of that increase was due solely to the price of used cars. Used car prices shot up 30% in the 12 months leading up to May, just below the record one-year increase for used car prices reported in 1975.More Related News

Websites for Harvard College centers serving minority students, LGBTQ students and women vanished on Wednesday, according to reporting by The Harvard Crimson, marking the continued unraveling of diversity initiatives at the nation’s most prestigious university as it faces continued pressure from the Trump administration.