Inflation Eases as Prices for Goods Like Eggs, Toys, and Gas Drop Sharply
• Prices are falling on many consumer goods like toys, sports equipment, and washing machines • Eggs, which saw huge price increases last year, are now 22% cheaper than a year ago • Inflation is slowing overall, though prices for services and housing are still rising • Falling prices for physical goods could provide a psychological boost for consumers • Gas prices have dropped dramatically, falling from over $5/gallon in June to just over $3 now