5 products that fell in price in August despite inflation

The nation’s breakneck inflation, recorded at 8.5% year-on-year in July, has impacted the prices of many products and, consequently, the pockets of millions of Americans in the country.

At one of the highest levels in 40 years, the prices of some items in the cart fell monthly and weeklywhich may be signal that inflation has passed its peak and may be cooling down.

1. Eggs

According to the United States Department of Agriculture (USDA) a dozen large white eggs cost an average of $2.14 for the week of August 15-21.down 60 cents from the previous week, when the average was $2.74.

2. milk

The average price of a gallon of milk was recently $3.16. after it was listed at $3.14 between Aug. 8 and Aug. 12, according to the USDA.

3. Oil

By registering $4.68 between August 8 and 12, the average price of butter fell to $3.67. in its most recent period.

4. Gasoline

According to AAA gas prices, the average price of a gallon of gasoline on Sunday, August 21, was $3,904. the figure is below $3,908 on Saturday, Aug 20, $3.95 a week ago and $4.44 a year ago.

5. Plane tickets

Average domestic flight ticket price dropped from $332 in July to $295 in August.This is reported by the travel site Hopper. This amount again corresponds to the ticket price in the same month of 2019, before the pandemic. Estimates point to a further fall in prices next season.

Current inflation has strained Americans’ pockets to the point where Americans have had to spend an average of $717 more, according to a New York Life survey. The slight price cut could provide a breather for families who have had to cut various expenses in order to continue paying for essentials such as food and rent.

This may interest you

-Back to School in the US: 5 Ways to Save Money on Grocery Shopping Amid Inflation
-The Inflation Reduction Act May Have Little Effect on Price Rise: Why and How It Affects You
– Inflation: 6 signs your income can no longer cover your level of spending

Author: Julio Guzman
Source: La Opinion

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

These are four possible opponents that Ryan Garcia could face.

Ryan Garcia He has a new coach and after a painful loss to Gervonta Davis, he will now be looking for a future fight.which...

Radamel Falcao is convinced of the Cruz Azul project, but Spain does not want to let him go

New project Cruz Azul doesn't finish the carburetorled by Raul "Potro" Gutiérrez, the capitalists have not added their first victory in this 2023 Clausura...