A look at the latest consumer price index inflation data shows, in many cases, the cost of going places is still high.
Transportation costs were one area where prices were in flux.
While high gas prices made headlines in 2022, prompting gas tax holidays in some states, those prices have subsided from last year's highs., up a penny from the previous week. The highest recorded average price was $5.02 as of June. "You have the potential for exogenous shocks or economic shocks that are coming out of the blue that don't have an economic underpinning to them ... knocking prices for substantial changes in any given month," House said.New vehicles are up 5.8% over the past 12 months ending Jan. 30, and up 0.2% for the month.
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