The latest release of consumer prices allows for a revisiting of a chart that went viral last month.
A chart, originally published by the American Enterprise Institute, shows how the costs of necessities are on the rise — like education and health care — while those for luxuries like TVs are on the decline.
The stock market dwarfs any of these moves — the Dow Jones Industrial Average DJIA, +0.07% is up roughly 386% since 1997.
The latest inflation data, for February, fit the broader theme reasonably well. The cost of televisions fell 16% in the last 12 months, the biggest drop in nine months. Toy prices have dropped 9.1% over the last 12 months. The prices of clocks, lamps, and decorator items skidded by 8.9%.
Perhaps obscured by prices still below $3 a gallon, gasoline has shot up by 16.5%. The cost of moving, storage and freight expenses have jumped 9.4%.
Rent continues to climb, gaining 3.6%.
Medical-care prices have calmed down, with services up by 1.6% and drugs up a scant 0.9%.
Oeuf — egg prices have jumped 11.6%. Hot dog — frankfurter prices are up 5.1%. But cereal prices have slipped by 3.4%, the biggest drop in over seven years, and instant coffee has dropped by 6.6%.
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