Deflation is the antiinflation. Here's where prices fell in September 2023 in one chart
Consumers in the U.S. have been experiencing inflation since early 2021, with prices rising at the fastest rate in 40 years. However, inflation has been slowing down, leading to disinflation where prices still rise but at a slower pace. Some prices have even deflated in certain categories. This deflation mainly affects tangible goods, which make up a quarter of the consumer price index. The stronger U.S. dollar and resolved supply chain disruptions have contributed to this deflation.
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Frequently Asked Questions about Deflation in September 2023
1. What is deflation?
Deflation is the opposite of inflation. It refers to a decrease in the general price level of goods and services over time.
2. Where can I find information about deflation in September 2023?
You can find information about deflation in September 2023 in this CNBC article: "Deflation is the anti-inflation. Here's the September 2023 breakdown" (Link).
3. What categories experienced a decrease in prices in September 2023?
According to the consumer price index, prices deflated in several categories in September 2023. You can find more details and a chart in this CNBC article: "Here's where prices fell in September 2023 in one chart" (Link).
4. Is deflation the opposite of inflation?
Yes, deflation is considered the opposite of inflation. While inflation refers to a general increase in prices, deflation signifies a general decrease in prices.
5. Was there deflation in December 2022 as well?
No, a decline in the annual inflation rate in December 2022 does not necessarily mean there was deflation. Deflation occurs when overall prices decrease. You can find more information about the inflation breakdown for December 2022 in this CNBC article: "Here's the inflation breakdown for December 2022 — in one chart" (Link).
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