This could be our current day version of “when the shoe-shine boy gives you stock tips”, @oarabbus
Noticed something while doing CVNA research - turns out used car prices dipped in March but then came back in April, as per CarGuru.
One of the reasons March inflation numbers were not as bad as they could have been is that used car prices were recorded as 3.8% lower MoM - which would make sense, given the CarGuru trend above:
However… no reason to think food or fuel prices will go lower in April - we know gasoline prices at the pump, especially diesel. And now we see used car prices were back up in April too.
Looks like we’re going for a rougher-than-March CPI print for April?