Airfare, produce and TVs: Which prices are falling for consumers

Key Points

Consumers are seeing prices fall in certain pockets of the U.S. economy, even as the overall inflation rate remains elevated.
Airline fares, produce, consumer electronics and energy are among the broad categories seeing declines, according to the consumer price index.
President Donald Trump said Friday that gasoline prices had dipped to $1.98 per gallon. However, that claim isn’t true: The retail gas price is more than $3 a gallon.

Source

Finance

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Key Points Nvidia said it has yet to generate any revenue from chip sales to China. Chip sales have come under scrutiny from both Washington and Beijing amid a tech race. Chinese AI firms gained ground through IPOs and lower-cost tech. Source

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