10

Hard to Find Auto Parts

Hard to Find Auto Parts One of the major problems that classic car owners have is that they have a hard time locating the right kind of auto parts or replacement auto

9

Save Money With Ditchek Auto Parts

Save Money With Ditchek Auto Parts Keeping in view the high costs and high demand of auto parts, a large number of manufacturers are providing used car parts in the market including

8

You Need Quality Auto Parts

You Need Quality Auto Parts As more and more automobiles are coming into the market, the industry of auto parts is automatically witnessing extensive growth. There are several showrooms, online stores, shops

7

Simple home maintenance

Simple home maintenance A recent survey carried out by a UK insurance company showed that as many as 39% of drivers don’t know how to perform even the simplest of safety checks

6

Paint Equipment maintenance

Paint Equipment maintenance Whether you run a a car body repair shop or a mobile car body repair service the maintenance of your paint equipment is paramount. So many problems that can

5

Automotive Paint Maintenance

Automotive Paint Maintenance Regardless of the type of finish, the exteriors of all vehicles are subject to environmental wear and tear. With just a few years on the road, a car loses

4

New Hyundai Fluidic Car Price and Features

New Hyundai Fluidic Car Price and Features Hyundai cars are constantly changing the trends of cars by offering the exclusive looks plus incredible features and specifications. It is the country’s largest car

3

The Importance of Car Maintenance

The Importance of Car Maintenance No normal human being likes the idea of having their car in the shop or paying for car repairs or other maintenance. However, if you own a

2

Used Cars In Coimbatore

Used Cars In Coimbatore Small family cars, classic cars, low budget cars, limited edition cars, muscle cars or Sport Utility Vehicles (SUV), you can buy brand and model according to your requirements.

1

Fashion Magazine Philippines

Fashion Magazine Philippines Together with the Internet, Fashion Magazines are one of the most informational source people often use. They are also known as a guide for us in our daily life.

Use cars Jim Watson/AFP via Getty Image

The Labor Department reported Thursday that consumer prices jumped 5 percent in May versus a year earlier. That’s the biggest rise in inflation since 2008, and it was steeper than expected, but “right now, it’s a yellow traffic light situation,” The Washington Post reports. “People are on alert, but there’s no panic or slamming of brakes.”

There are two main reasons economists and nonpartisan policymakers aren’t panicking: First, prices were really low last May due to the COVID-19 pandemic, making a return to normal prices look dramatic, and second, the price increases for many products were due to temporary shortages in supply or materials. Those factors loomed large in the six categories of goods and services that accounted for half the jump in the consume price index (CPI), Bloomberg economists calculate: Used cars, rental cars, car insurance, airfares, hotels, and restaurants.

And of those six categories, used cars and trucks account for about a third of the total monthly CPI increase, the Labor Department says. A dearth of new cars, due largely to production delays caused by a pandemic-related global semiconductor shortage, “has tightened the supply of used cars as owners hold on to their vehicles longer — which, in turn, sent the prices of used cars and trucks soaring 29.7 percent in May, versus a year ago,” The Wall Street Journal explains. And because rental car companies can’t restock fleets of cars they sold off last year amid slumping demand, prices for car rentals soared 110 percent in May.

“As the economy adjusts to a post-pandemic world,” the Post says, “suppliers will adjust. Shortages will dissipate. Factories will eventually produce more furniture, washers, cars, and computer chips,” and the price increases will likely be short-lived. However, “price increases on services, including rent, often stick around for years to come, especially if companies bump up wages by several dollars,” the Post explains. “Businesses often turn around and pass those extra costs on to consumers. Then employees ask for more pay again and the price hike cycle begins.”