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What the Rental Car Market is Telling Us About Inflation

June 4, 2021

Have you tried to rent a car recently? If you’ve been looking online to see the best rate for your next family vacation, you might have been just as perplexed as to why it might cost you $250 per day to rent a full size sedan. Although this may seem like anecdotal evidence, it is a symptom of a massive shortage of goods and services stemming from the pandemic, lockdowns, and supply chain issues. So, how does this affect me? In this video, RFG Advisory CIO Rick Wedell details how spiking rental car rates and a shortage of ketchup showcase the massive amounts of transitory inflation we are seeing. He also answers the burning question: Is this sort of inflation here to stay?

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