Got to look into the component to understand the CPI trend, it is not a used car component that brings up or down CPI.
Of the 95 CPI components, we can trackback to 1998 (which covers 98% of the CPI) 63% show year-over-year price gains of 6% or more in April, which is the highest share on record.” - Brean Economics #CPI
CPI +8.3% y/y is lower than last month, but not low enough. Core m/m +0.6% higher than expected and higher than last month.