Today in Data: Inflation Dips for First Time in Months

Today in data, inflation moderates for the first time in eight months, while its effects are still being felt.

Data

828,000: Number of active users on luxury resale platform The RealReal — a 21% increase — as people buy used to skirt high prices

2,500: Number of workers laid off by Carvana, which cited inflation among the factors leading to its financial woes

13: Percentage of the net revenue decrease recorded by PARTS iD, which said inflation has consumers buying fewer products

8.3: Percentage of April’s consumer price index, lower than March’s 8.5% but higher than the 8.1% that had been forecast by economists