Deflation in U.S. Economy
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inflation rateCNBC
•Here's the deflation breakdown for August 2024 — in one chart
89% Informative
Consumer prices have fallen in some categories like cars, furniture and appliances since August 2023 .
Inflation cooled in August and fell to its lowest level since February 2021 .
Consumers shouldn't expect a broad and sustained fall in prices across the U.S. economy.
Deflation has largely been happening for physical goods like cars and household appliances.
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