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

Published On Oct 11, 2024, 1:58 PM

The article discusses the recent deflation trends in the U.S. economy as of September 2024, highlighting a decrease in prices for a variety of goods including household furnishings, appliances, and vehicles. This deflation is primarily attributed to the return of supply and demand dynamics to normal levels post-pandemic. Key areas of deflation noted include household goods (down 2%), appliances (down 3%), and vehicles (1% deflation for new and 5% for used). Prices for energy and food commodities have also shown significant fluctuations. Experts note that while deflation is noticeable for several product categories, it remains rare across the broader economy, with businesses generally reluctant to lower prices significantly.