{"id":52340,"date":"2023-12-03T17:57:20","date_gmt":"2023-12-03T17:57:20","guid":{"rendered":"https:\/\/prosfunds.com\/news\/what-has-gotten-cheaper-here-are-some-goods-and-services-that-have-dropped-in-price-most-dramatically\/"},"modified":"2023-12-03T17:57:21","modified_gmt":"2023-12-03T17:57:21","slug":"what-has-gotten-cheaper-here-are-some-goods-and-services-that-have-dropped-in-price-most-dramatically","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=52340","title":{"rendered":"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002740928\" role=\"document\">\n<p><em>This <\/em><em>article<\/em><em> is reprinted by permission from <\/em><em>NerdWallet<\/em><em>.\u00a0<\/em><\/p>\n<p>Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data released today from the Department of Labor shows its\u00a0consumer price index\u00a0\u2014 a proxy for inflation \u2014 remained flat from September to October, at 3.2%.<\/p>\n<div class=\"paywall\">\n<p>And while it may not feel like costs are coming down when you check out at the\u00a0grocery store, for some goods and services, prices are actually decreasing.<\/p>\n<h2><strong>Key context<\/strong><\/h2>\n<ul class=\"articleList\">\n<li>\n      While\u00a0inflation\u00a0measures the rate of price increases, deflation is the opposite \u2014 it measures the rate of price decreases.<\/p>\n<\/li>\n<li>\n      Deflation is definitely not the norm among the goods and services assessed in the CPI.<\/p>\n<\/li>\n<li>\n      There are outliers, though. Most of the price categories that have seen deflation relative to a year ago are in goods, not services.<\/p>\n<\/li>\n<li>\n      But some services, like health insurance, have seen a dramatic price drop.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Read more:<\/strong> What is deflation? It\u2019s not a one-time price discount \u2014 and it\u2019s not something to cheer, economists say<\/p>\n<h2><strong>What prices have deflated since last year?<\/strong><\/h2>\n<p>The most recent CPI report shows year-over-year price index drops in 92 goods and services categories (among 338 measured). Here are some of the biggest drops among\u00a0foods, other goods and services.<\/p>\n<p><strong>Foods:<\/strong><\/p>\n<ul class=\"articleList\">\n<li>\n      Eggs: -22.2%<\/p>\n<\/li>\n<li>\n      Lettuce: -4.5%<\/p>\n<\/li>\n<li>\n      Apples: -3.9%<\/p>\n<\/li>\n<li>\n      Butter: -3.7%<\/p>\n<\/li>\n<li>\n      Fresh fish and seafood: -3.6%<\/p>\n<\/li>\n<\/ul>\n<p><strong>Other goods:<\/strong><\/p>\n<ul class=\"articleList\">\n<li>\n      Fuel oil and other fuels: -17.1%<\/p>\n<\/li>\n<li>\n      Smartphones: -12%<\/p>\n<\/li>\n<li>\n      Laundry equipment: -10.9%<\/p>\n<\/li>\n<li>\n      Televisions: -9.4%<\/p>\n<\/li>\n<li>\n      Computer software and accessories: -8.5%<\/p>\n<\/li>\n<\/ul>\n<p><strong>Services:<\/strong><\/p>\n<ul class=\"articleList\">\n<li>\n      Health insurance: -34%<\/p>\n<\/li>\n<li>\n      Airline fares: -13.2%<\/p>\n<\/li>\n<li>\n      Car and truck rental: -9.6%<\/p>\n<\/li>\n<li>\n      Public transportation: -8.9%<\/p>\n<\/li>\n<li>\n      Medical care services: -2%<\/p>\n<\/li>\n<\/ul>\n<p><strong>Related: <\/strong>Average Thanksgiving dinner cost drops to $61 thanks to cheaper turkeys and cranberries<\/p>\n<h2><strong>What happens next?<\/strong><\/h2>\n<ul class=\"articleList\">\n<li>\n      High prices most directly impact consumers through their everyday purchases.<\/p>\n<\/li>\n<li>\n      The Federal Reserve also watches inflation data closely to determine interest rate hikes, which impact the price of borrowing for things like cars and homes.<\/p>\n<\/li>\n<li>\n      The Fed has\u00a0paused rate hikes\u00a0just three times since March 2022 in its efforts to battle inflation.<\/p>\n<\/li>\n<li>\n      Consumer spending is one factor \u2014 though not the only one \u2014\u00a0driving inflation. And that spending remains higher than usual, according to the latest personal consumption expenditures (PCE) data released on Oct. 27 by the Bureau of Economic Analysis.<\/p>\n<\/li>\n<li>\n      If consumer spending continues to increase, it could push the Fed to raise interest rates further. Continually rising interest rates would make borrowing even more difficult and could prevent opportunities for many consumers to build wealth through homeownership.<\/p>\n<\/li>\n<li>\n      If consumer spending declines, it could lead, once again, to concerns about a recession, which have otherwise largely dissipated.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Read:<\/strong> Investors are thrilled inflation is down. Consumers aren\u2019t so happy. Here\u2019s why.<\/p>\n<h2><strong>What do Americans predict for inflation?<\/strong><\/h2>\n<ul class=\"articleList\">\n<li>\n      A recent University of Michigan poll found inflation expectations remain high among Americans surveyed: Most believe costs will increase 4.4% over the next year and 3.2% in the next five to 10 years.<\/p>\n<\/li>\n<li>\n      The current expectation levels are the highest since April and hover well above expectations seen in the two years prior to the pandemic.<\/p>\n<\/li>\n<\/ul>\n<p><strong>More From NerdWallet<\/strong><\/p>\n<p><em>Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/what-has-gotten-cheaper-here-are-some-goods-and-services-that-have-dropped-in-price-most-dramatically-bbe42abf?mod=economy-politics\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article is reprinted by permission from NerdWallet.\u00a0 Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data released today from the Department of Labor shows its\u00a0consumer price index\u00a0\u2014 a proxy for inflation \u2014 remained flat from September to October, at 3.2%. And while it may not feel like [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":52341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-52340","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically. | Prosfunds<\/title>\n<meta name=\"description\" content=\"This article is reprinted by permission from NerdWallet.\u00a0 Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=52340\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically. | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"This article is reprinted by permission from NerdWallet.\u00a0 Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=52340\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-03T17:57:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-03T17:57:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/12\/1701626241_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=52340#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=52340\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically.\",\"datePublished\":\"2023-12-03T17:57:20+00:00\",\"dateModified\":\"2023-12-03T17:57:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=52340\"},\"wordCount\":527,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=52340#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=52340\",\"url\":\"https:\/\/prosfunds.com\/?p=52340\",\"name\":\"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically. | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-12-03T17:57:20+00:00\",\"dateModified\":\"2023-12-03T17:57:21+00:00\",\"description\":\"This article is reprinted by permission from NerdWallet.\u00a0 Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=52340#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=52340\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=52340#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically. | Prosfunds","description":"This article is reprinted by permission from NerdWallet.\u00a0 Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=52340","og_locale":"en_US","og_type":"article","og_title":"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically. | Prosfunds","og_description":"This article is reprinted by permission from NerdWallet.\u00a0 Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data","og_url":"https:\/\/prosfunds.com\/?p=52340","og_site_name":"Prosfunds","article_published_time":"2023-12-03T17:57:20+00:00","article_modified_time":"2023-12-03T17:57:21+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/12\/1701626241_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=52340#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=52340"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically.","datePublished":"2023-12-03T17:57:20+00:00","dateModified":"2023-12-03T17:57:21+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=52340"},"wordCount":527,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=52340#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=52340","url":"https:\/\/prosfunds.com\/?p=52340","name":"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically. | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-12-03T17:57:20+00:00","dateModified":"2023-12-03T17:57:21+00:00","description":"This article is reprinted by permission from NerdWallet.\u00a0 Price increases are slowing down since inflation peaked in June 2022, at 9.1%. In fact, data","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=52340#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=52340"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=52340#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"What has gotten cheaper? Here are some goods and services that have dropped in price most dramatically."}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/52340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52340"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/52340\/revisions"}],"predecessor-version":[{"id":52342,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/52340\/revisions\/52342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/52341"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}