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>and some commensurate declines in other goods and services Pray tell, what has declined in price the past 5 years?
by mrguyorama 3y ago
>and some commensurate declines in other goods and services
Pray tell, what has declined in price the past 5 years?
- gottorf 3y agoI'm sorry, that was poorly worded. What I was trying to say is that if the CPI is 10% and one component of it is 40%, it implies the presence of other components that are under 10% (and of course, the possibility of some that might have been negative).
- andrewmutz 3y agoActually right now prices are falling on durable goods: https://www.cbsnews.com/amp/news/economy-inflation-deflation-cars-furniture-appliances-what-it-means/ https://www.cbsnews.com/amp/news/economy-inflation-deflation...
- mrguyorama 3y ago>These items are products such as used cars, furniture and appliances, which saw big run-ups in prices during the pandemic. So is this an actual reduction in price, or yet again just covid supply squeezes easing off? Does a 2.6% drop in price actually offset the price increases of the past 5 years?