8 bargains hidden in a lousy inflation report

The “Looking Glass” examines economic and real estate trends through two distinct lenses: the “glass half full” of optimists and the “glass half empty” of pessimists.

Buzz: With inflation at its highest level in 40 years – an ugly 8.6% nationally – you’d think everything was more expensive. In fact, 93% of the 333 items tracked in the monthly inflation report were more expensive in May than a year ago.

Source: My trusty spreadsheet looked at the latest consumer price index for May, looking at 12-month price changes.

glass half full

Well, 93% isn’t 100%, so here are eight goods and services that government inflation statistics show could be “bargains”. This is probably a rare slice of the economy where consumer demand is down.

1. Smartphones tops this chart at 19.9% ​​cheaper in one year. I guess there’s a company that hasn’t released a killer new product in a few years. So people are not rushing to buy a new cell phone, traders are reducing prices accordingly.

2. Admission to Sporting Events is 10.8% cheaper. Many teams are still suffering from the hangovers of the pandemic shutdowns. Logic says ticket deals are being offered to draw fans to the ballpark or arena.

#bargains #hidden #lousy #inflation #report

Post expires at 11:26pm on Friday June 24th, 2022