Prices Falling for Fuel, Eggs and Some Foods, But Inflation Still Too High for Fed Comfort
• Fuel, eggs, some foods, major appliances, TVs, car rentals, airline fares, and health insurance are getting cheaper
• Fuel prices are down 10-25% from last year, eggs are down 22%, and health insurance is down 30%
• Food overall is up 3%, but some items like apples and lettuce are 6-10% cheaper
• Travel is getting more affordable with car rentals and airfares 10-12% lower
• Even with some prices falling, inflation remains above the Fed's 2% target and they will likely keep raising interest rates