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Wall Street pros are watching this index to get an early sign that inflation is slowing

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Wall Street pros are watching this index to get an early sign that inflation is slowing - CNBC

Quick Summary:

A sign that inflation has already peaked may be apparent in prices of used cars.

Since the beginning of the year, the index has declined nearly 13%.

The Manheim Used Car Price Index fell to 205.9 in September from 210.8 in August.


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Article Details

Category: Economy

Topics: Kevin Barry Consumer Price Index Stocks Investment strategy Articles PRO Home Premium Prices Stock markets Pro: Analysis Cnbc CNBC Pro Consumer Confidence Autos Stock Picks Investing Source:tagname:CNBC US Source Inflation Transportation Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 02:11:39

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 3 minutes read

Article Length: 506 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 483881

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About CNBC

CNBC Logo

Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 18 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 10h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #5

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