Here’s the deflation breakdown for August 2024 — in one chart

Here’s the deflation breakdown for August 2024 — in one chart


Key Points
  • Deflation, contrary to inflation, is when prices fall for certain goods and services.
  • Deflation tends not to occur across the overall U.S. economy outside of recessions.
  • However, consumer prices have fallen in some categories, such as cars, household furniture and appliances, airfare, and certain groceries since August 2023, according to the consumer price index.



Source

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