Here’s What’s Getting Cheaper (and More Expensive) as Inflation Eases
- Why Eating at Restaurants Is So Expensive Right Now
- The Share of Homes for Sale With Price Cuts Hit a 6-Year High
- Young Job Seekers Are Falling Victim to a ‘Money Mule’ Scam
- When Will the Fed Cut Rates? Cooling Inflation Builds Hope for September
- To Save Money on Insurance, Drivers Are Agreeing to ‘Incredibly Intrusive’ Monitoring Technology
- Here’s Why a Gas Tax Holiday Isn't as Great as It Sounds
- Gas Prices Are Over $4 in Every State for the First Time
- 7 Strategies People Are Using to Combat High Gas Prices
- Gas Prices Just Passed $6 in a Major U.S. City for the First Time Ever
- Your State Taxes on Groceries, Income, Gas and More Could Soon Be Slashed
While Americans are still feeling the effects of inflation, October's pricing data was some of the most encouraging in recent memory.
Costs declined for cars (both new and used), as well as energy and travel, helping consumer prices over remain unchanged from the month before, according to the consumer price index (CPI). Annual inflation fell from 3.7% in September to 3.2% in October.
Data released Tuesday showing cooling inflation was good news for the economy, sending stocks soaring on hopes that the Federal Reserve may be done raising interest rates.
At the same time, however, some things are still getting more expensive, like car insurance and rent. Overall, households are spending $205 more per month for the same goods and services compared to a year ago and $680 more per month compared to 2021, according to Moody’s.
Here are three things that got cheaper in October and three things that are still getting more expensive:
