Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.
most of my costs have been flat or going down the past six months. a lot of consumer goods that I buy are seeing massive price cuts due to overstock and plummeting demand after two years of being at or above MSRP.
Things that are still increasing are service industry stuff. Restaurants, haircuts, travel, etc all seem to be going up. I have basically given most of that stuff up because there I see no reason to spend $50 on a haircut, or a hamburger and a two beers. When I flew in 2020 a ticket was like $400, that same flight today is like $1200.
local vacation rentals also seem to be plummeting in cost thank to massive vacancies because people can travel internationally again. I’ve also started to see cars prices go for MSRP or mild discounts in my area after two years of them being 20% over MSRP. I’m looking to replace my 7 year old car in the next year or two, and most models of it are already seeing $1000-2000 discounts, I’m hoping by winter that will go up to $3000-4000.