The price of airline tickets has surged 24.6 percent in the past 12 months ending June 30.. Used car prices have jumped 45.2 percent in the past year because the supply of new cars fell sharply during the pandemic. The inflation rate will decline to about 2 percent in 2022 as supply and demand even out. (Note: the total CPI increased 5.4 percent for this period. The used cars and airline tickets have a 2.5 and 1 percentage point weight in the CPI. How much did used cars and airline tickets contribute to inflation in June? Should policymakers be concerned about the June inflation report?