Some Prices Are Falling
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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