Thread by @qz

1/ The US's January inflation report shows that the economy has ironed out some pandemic disruptions—but is still very much mired in others. Inflation climbed 0.6% on the month on the back of price increases for food, electricity, and shelter. qz.com/2126047/

2/ The annual inflation rate was 7.5%, the highest in nearly 40 years. Still, some economists say January's inflation report shows signs that supply chains upended by covid-19 are on the mend. qz.com/2126047/

3/ Prices for rental cars, which skyrocketed in the spring and summer of 2021, dropped by 7% in January after falling 2.7% in the prior month. Prices for used cars also moderated, and prices for new cars stayed flat. 🚗

4/ Some items are still on the pandemic roller coaster.
✈️ Airline tickets have bounced up and down along with the number of covid cases
👔 Prices for men's suits are going back up as more workers return to the office
qz.com/2126047/

5/ Prices for housing are still under the effects of the pandemic, too. The booming housing market, combined with the slowdown in home construction due to material shortages, continues to push rent prices up. 🏠

Read more: qz.com/2126047/