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inflationCNBC
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88% Informative
Inflation cooled below 3% in July 2024 , the first time it dropped below that level in more than three years .
Some areas of the U.S. economy are dis-inflating — meaning their prices are still rising, though at a slower rate.
Some of the deflationary dynamic is less widespread than it was earlier in the pandemic, when the unwinding of contorted supply-and-demand dynamics made it more pronounced.
Apple prices have deflated almost 15% in the past year due to a supply glut.
Other categories' deflationary dynamics may be happening only on paper.
Electronics such as televisions, cellphones and computers continually get better, meaning consumers generally get more for the same amount of money.
VR Score
93
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97
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22
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English
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