October had the biggest U.S. inflation surge in more than 30 years
It seems like this inflation is not broad-based:<p>“In the quarter to August used cars, hotel rooms and airfares made up less than 5% of America’s consumer-price index, but together accounted for the majority of overall inflation”<p>If we’re having inflation due to a tiny number of goods having large price spikes, it might be too early to predict disaster<p><a href="https://www.economist.com/graphic-detail/2021/11/06/a-handful-of-items-are-driving-inflation-in-america" rel="nofollow">https://www.economist.com/graphic-detail/2021/11/06/a-handfu...</a>