The consumer price index rose 2.5% year-over-year, but durable goods prices have declined, indicating a divergence in price trends for bigger-ticket items.
Prices for durable goods like furniture and used cars have actually flat-out fallen, with furniture prices down 5.1% year-over-year, highlighting significant price drops in specific categories.
Many Americans may not feel the price drops for big-ticket items because these purchases happen infrequently, overshadowed by rising everyday necessity costs.
Transportation costs are 4.4% lower this year, with used cars down 10.4% year-over-year, showing a marked decrease despite overall inflation.
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