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Services inflation

Why services inflation is stickier than goods inflation

by Justin Ho
Oct 27, 2023
Goods inflation has slowed down a lot over the last year, thanks in part to higher interest rates. But the Federal Reserve is having a harder time slowing services inflation.
Services inflation has stayed high because those prices, like for a haircut, are heavily influenced by wages.
Brandon Bell/Getty Images
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Inflation for services remains stubbornly high

by Stephanie Hughes
May 10, 2023
Here's how higher wages, housing shortages and income level can play a role in how much you pay for things like exterminators and car repairs.
Motor vehicle repair prices, which were up 20% in April from last year, can be particularly burdensome for lower-income households.
Jon Cherry/Getty Images
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