“The industry’s key index of used vehicle prices jumped another 9.2% over the span of just a month. That puts the index 38% higher than a year ago — compared to “just” 27% for the same stat in September.”
I dislike how people have turned high inflation into hyperinflation. Hyperinflation means prices doubling in 1 day, and continuing to double every day. That’s 100% in one day, followed by 200% the next, followed by 400% the next. That’s 700% in 3 days!
It’s ridiculous BS to refer to today’s inflation as “hyper”. The fearmongers are going to need a new word for super-high inflation long before we get to what’s really “hyper”.
If you double every day you can’t hit 700.
100 becomes 200 becomes 400. That’s 400 in 3 days.
Ditto the comments on the hyperventilating FEARMONGERING garbage. Snyder is one of the worst. 10 years of epic gloom and doom and disaster, just so he can fleece suckers. I hate sleasebags that prey on people like that.