Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
The Hidden Inflation in Your Car Repair Bill
Episode 42 of Inflation Explained with Fexingo: Lucas and Luna dive into a surprising driver of sticky inflation — car repairs. With the April CPI at 332.4 and core CPI at 335.4, vehicle maintenance costs have risen 8.2% year-over-year, far outpacing headline inflation. They break down why: a shortage of skilled mechanics (the average age of a technician is now 53), the shift to high-tech parts (a modern headlight assembly costs $1,800), and the fact that people are holding onto cars longer — average age on the road is 12.6 years. Plus, a look at how this feeds into the broader service…
The skinny
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