While overall inflation remains high, the prices of some common items are beginning to tick down.
and are now cost less than they did pre-pandemic, according to data from the Department of Agriculture.Outside of food, declines can be seen in consumer goods and services related to energy.
Outside of fuel costs, this dip in ticket prices could be because consumer demand is fading, according to according to Kevin Gordon, a senior investment research manager at Schwab. "I think it's way too early to start taking a victory lap," said Leer, adding that consumers should expect to be living in a world with elevated inflation for the next year and a half to two years.
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