The chart of the week looks at the components of CPI, or Consumer Price Index, which is one measure of inflation. We have all heard about inflation having increased considerably but this breaks down the main parts. The chart goes even further and highlights some areas that may be “sticky”, such as restaurants, hotels and transportation. Areas that may be “transitory” and will hopefully decrease are also shown. With the recent conflict in Ukraine, energy prices are one area that we have seen significant jumps in that you wouldn’t expect to remain over longer periods of time. The back-up because of supply chain issues for new and used vehicles are also hopefully transitory, will costs increases slowing or going down.

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