“A third of the increase in inflation is due to car prices, which is stunning,” Secretary Gina Raimondo says.

"A third of the increase in inflation is due to car prices, which is stunning," @SecRaimondo says. "Why is that? Because last year, auto production of cars was down by almost 8 million… prices [are] up 20%… because car companies can't get their hands on enough chips." pic.twitter.com/3IrwrVe0zs

— Yahoo Finance (@YahooFinance) January 19, 2022