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