- Average 12-month reduction was 2.7% versus 2.8% previously.
Looking at the data, we see some notable changes:
- Eggs: a massive 90.9% increase (1-month annual change)
- Window coverings: significant decrease of -27.3%
- Used Cars: Huge drop of -25.2%
- Jewelry: Significant decrease of -20.4%
- Natural Gas: Down -7.7%
- Physician services: slight decrease of -2.2%
- Electricity: slight increase of 1.3%
- Fresh milk: a significant increase of 25.1%
Moves in some heavy weights:
- Owner-owned fixed housing change: +4.4% (1-month annual percentage change)
- Nonprofit hospital services provided to families Change: -0.8%
- Other meals purchased Change: +2.6%
- Physician Services Change: -2.2%
- Tenant-occupied fixed dwellings and owner-owned durable goods Change: +6.0%
- Final consumption expenditures of non-profit institutions serving households Change: +11.0%
The changes in this report can be very volatile, but they are indicative of what is happening to prices. For me, the biggest change is used cars, which are already starting to suffer at the moment. There is also evidence of inventory build-up at new dealerships.
Comments are closed, but trackbacks and pingbacks are open.