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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