Some Prices Are Falling

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It may not be much, but I'll cling to any good news out there.


What Inflation? Some Items That Actually Cost Less

(CNBC) Inflation may be climbing faster than the humidity level, but there are still some things that actually cost less than they did a year ago.
Amid all the headlines about soaring energy and food prices, many consumers may not notice that they're getting a break on some items they buy every day.

"People don't often remember [the positives]," said Jim Glassman, senior U.S. economist at JPMorgan Chase. "The economy is not falling apart. It's just stuck."

Friday's report on the consumer price index confirmed the predicted rise in gasoline and food costs, but core prices remained relatively flat. While financial markets cheered the results, they didn't give much comfort to consumers. The latest snapshot of consumer sentiment on Friday showed that it plunged to a 28-year low in June.

With that in mind, here's a look at a few of those things that aren't pinching your wallet.

Electronics

The average price of a point-and-shoot digital camera has fallen $28 from a year ago, to| $178, according to the NPD Group, a consumer tracking service.

The cost of LCD flat-panel TVs is also expected to drop $18 this year, to an average $848, while notebook computers are forecast to fall 9 percent, to $775, according to the Consumer Electronics Association.

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This page contains a single entry by Muhammed El-Hasan published on June 17, 2008 6:42 PM.

Iran Pres Take on Oil Prices was the previous entry in this blog.

'High Oil Prices Here to Stay' is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at dailybreeze.com

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