buying Used cars make their biggest price jump in a half-century
2020 Mazda CX-9: What You Need to Know
The 2020 Mazda CX-9 earns a position near the top of our midsize SUV rankings. The CX-9 offers exceptional handling, high-end cabin materials, and a strong, fuel-efficient engine, but it has less seating and cargo space than most of its competitors. © Mazda North American Operations 2020 Mazda CX-9 The 2020 Mazda CX-9 is ranked: #4 in Midsize SUVs #8 in Crossover SUVs #4 in SUVs with 3 Rows Is the Mazda CX-9 a Good SUV? Yes, the 2020 Mazda CX-9 is an excellent midsize SUV. It stands out in a crowd of humdrum-handling rivals with some of the best driving dynamics in the class.
WASHINGTON — U.S. consumer prices rose solidly in August, with the cost ofand trucks accelerating by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID-19.
The report from the Labor Department on Friday also showed a firming in underlying inflation last month, putting fears of deflation to rest. Deflation, a decline in the general price level, is harmful during a recession as consumers and businesses may delay purchases in anticipation of lower prices.
2020 Volkswagen Jetta: What You Need to Know
The 2020 Volkswagen Jetta offers user-friendly technology and a comfortable ride, but it places near the bottom of our compact car rankings because most rivals have nicer interiors and are more athletic. © Volkswagen of America, Inc. 2020 Volkswagen Jetta The 2020 Volkswagen Jetta is ranked: #9 in Compact Cars #20 in Small Cars Is the Volkswagen Jetta a Good Car? The Jetta is an OK compact car. Its seats are supportive, and though it hasn’t been rated yet, we expect the 2020 Jetta to earn good fuel economy estimates from the EPA.
Still, stirring inflation is unlikely to discourage the Federal Reserve from pumping more money into the economy to aid the recovery from the COVID-19 recession amid considerable labor market slack. The U.S. central bank in August rewrote its framework, putting new emphasis on the labor market and less on worries about too-high inflation.
"Consumer prices are rebounding from the pandemic shock, but as supply shortages are resolved, upward price increases should moderate," said Kathy Bostjancic, chief U.S. financial economist at Oxford Economics in New York. "The Fed's new policy objectives underscore that monetary policy will remain very accommodative for a considerable time."
2020 GMC Terrain: What You Need to Know
The 2020 GMC Terrain features an impressive set of standard safety features and a handsome cabin, but neither area is best in class. Add in moderate performance and a small cargo area, and the Terrain's spot in the bottom half of our compact SUV rankings is understandable. © General Motors 2020 GMC Terrain The 2020 GMC Terrain is ranked: #11 in Compact SUVs #41 in Crossover SUVs #28 in SUVs with 2 Rows Is the GMC Terrain a Good SUV? The Terrain is an OK compact SUV, but its positives tend to be matched by a negative. For example, models equipped with the base engine are fuel-efficient, but they accelerate at a snail's pace.
Video: August Consumer Price Index increased 0.4% (CNBC)
The consumer price index increased 0.4% last month, also lifted by gains in the costs of gasoline, recreation and household furnishings and operations. The CPI advanced 0.6% in both June and July after falling in the prior three months as business closures to slow the spread of the coronavirus depressed demand.
In the 12 months through August, the CPI increased 1.3% after gaining 1.0% in the 12 months through July.
Economists polled by Reuters had forecast the CPI would rise 0.3% in August and climb 1.2% on a year-on-year basis.
Excluding the volatile food and energy components, the CPI gained 0.4% last month after surging 0.6% in July, the largest gain since January 1991. A 5.4% jump in prices of used cars and trucks, the largest gain since March 1969, accounted for more than 40% of the rise in the so-called core CPI last month.
In the 12 months through August, the core CPI climbed 1.7% after rising 1.6% in July.
New vehicle prices were unchanged.
originally appeared on on Fri, 11 Sep 2020 18:51:00 EDT. Please see our terms for use of feeds.
2017 Kia Sorento: What You Need to Know .
The 2017 Kia Sorento is one of our top-ranked used midsize SUVs. It combines outstanding safety and predicted reliability ratings with an impressive, high-quality cabin. The 2017 Kia Sorento is ranked: #1 in Used Midsize SUVs $20K to $25K #1 in 2017 Affordable Crossover SUVs #1 in 2017 Affordable Midsize SUVs #1 in 2017 Affordable SUVs with 3 Rows #2 in Used Crossover SUVs $20K to $25K #3 in Used SUVs with 3 Rows $20K to $25K Is the 2017 Kia Sorento a Good Used SUV? The 2017 Kia Sorento is a very good SUV, whether you choose the standard 2-row model or the available 3-row model.