Bidenflation: New Car Prices Up 12%, New Trucks Up 11.6%, Used Cars Up 37.3%
The prices of cars and trucks continued to soar in December, data released Wednesday showed.
The Department of Labor’s Consumer Price Index showed that the prices of new cars and trucks jumped higher in December, rising one percent for the month. Compared with 12 months ago, prices are up 11.8 percent.
Cars saw larger prices increases. These accelerated 1.5 percent in December, which follows 1.4 percent in November and 1.1 percent in October. Compared with a year ago, the prices of new cars are up 12 percent.
Truck prices rose 0.7 percent, down from the one percent gain in November and 1.5 percent gain in October. Compared with a year ago, new truck prices are up 11.6 percent.- READ MORE
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