Cash for Clunkers Triples Inflation Rate


Analysts said the jump in used car prices partially reflected the government's "Cash for Clunkers" rebate program, which has reduced the stockpile of used vehicles since cars which qualified for that program were junked and therefore not available for resale.

The advance in both new and used car prices accounted for 90 percent of the increase in core inflation last month, government analysts said.

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