While inflation in February was still higher than the Federal Reserve's target, there are categories where prices are coming down. This article discusses the slowdown in inflation and highlights specific categories that have seen price declines.
While inflation in February was still higher than the Federal Reserve's target, there are categories where prices are coming down. This "does not mean prices have come down, it just means that they are increasing at a slower rate," said Brett House, an economics professor at Columbia Business School. The consumer price index — which tracks the overall change in prices consumers pay for goods and services — was up 0.4% in February and 3.
2% versus a year ago, according to While inflation is an overall increase in prices, that doesn't mean all prices go up, said Eugenio Aleman, chief economist at Raymond James. In February, the CPI data shows, certain categories of goods and services actually saw year-over-year declines. At the top of that list is eggs, which saw a 17% decline over the preceding 12 months as of February. were driven by an avian flu Other categories that saw year-over-year double-digit declines include health insurance, which was down 19.7%; laundry equipment, which fell 11.3%; and car and truck rentals, which declined by 10
Inflation Prices Categories Decline Consumer Price Index Goods Services Avian Flu Health Insurance Laundry Equipment Car Rentals
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