But with inflation cooling off over the last year, a few things have actually gotten cheaper. The discounts are a welcome relief for Americans who have weathered the cost of goods and services increasing 17% over the past three years,, but price decreases are an encouraging sign that costs are trending in the right direction. Here's a look at the most significant discounts in the past year, expressed as percentages.in 2021, with prices rising 40.5%, according to CPI data.
The decline in prices is largely due to a glut of used cars on the market, which is basically the opposite of what happened during the Covid-19 pandemic. A used car worth $25,000 in 2023 would now sell for $22,675 — a $2,325 discount, based on CPI data., as many people upgrade their kitchen supplies when they move. Fewer homes being sold is likely a factor in the reduced cost of dishes and flatware.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyDishware is also easier to produce compared to other industries, so there is a large number of competitors, many of which slashed prices over the past year. You will often see big retail chains offering dinnerware sets as part of clearance sales.Television prices have been trending downward over the past 12 months, after posting an 11.5% year-over-year drop as of May 2023.