CNBC: Here’s the (Y-o-Y) deflation breakdown for September 2024 — in one chart

Economy
1

In the past 12 mos a number of things have become more expensive
According to BLS
Eggs – 39.6%
Butter – 7.8%
Boy’s apparel – 5.7%
Girl’s apparel – 4.4%
Rent – 4.9%
Owners’ guesstimate of Rent – 5.2%
Hospital services – 4.8%
Health Inurance – 7.5%
Car insurance – 16.3%
Car repair – 6%
College tuition --2.2%
Admission at sproting events – 10.3%

Anyway CNBC has recently prvided a nice chart of things that went –>down<– in price these past 12 mos. I have decided to pass it along.

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2

who has the extra money to pay to go to a sports event?

3

Well I dunno.
Could be

  1. Anyone who was fortunate enough (or old enough) to own assets before the current asset bubble began

and/or

  1. I have read articles (fewer recently) that millennials and Gen Z have given up on home ownership and are paying for experiences, (travel, concert tickets, sporting events.)
4

A case of 60 eggs was as cheap as $4.50 just four short years ago.

They’re “down” from $18 to $13 right now.

Grass fed/finished ribeyes were $11.94/lb just four short years ago.

They’re up at $19.98/lb right now.

Milk is almost $5/gallon still, up from $3.30 just four short years ago.

:man_shrugging:

5

the people paying 1000 bucks for a world series ticket.

Allan

1 Like
6

Fortunately “Food at Home” is only 8.047% of the “relative importance” used to determine CPI.

(The weightings they use are drastically out-dated at best. We keep them around because it allows a convenient comparison between time periods.)