Photographic equipment, SuppliesNonprescription medical supplies
Increasing food and energy prices have a lot of media attention recently, along with concerns about the threat of inflation. The chart above (using BLS UNDER CONSIDERATION data from Economagic) shows a sample of products which have undergone deflation during the last year (January 2010-January 2011). One reason that we don't pay much attention to these reductions in the prices is probably that happened so gradually and consistently over time, so we either: (a)) does not look up the fall in prices, or b) receives this grant and do not appreciate the incredible time savings on many of the products we buy everything. There are many, many products such as computers, cameras, new cars, clothing, TVs, appliances, electronics, software, etc., which are significantly cheaper today than a year ago, and is probably cheaper today than five years ago, ten years, in many cases.
Or, perhaps it is also because we buy computers, TVs, appliances, new cars RARELY (5 per year or more in some cases), and no notice or appreciate the price reductions is changing the way that we can see prices for food and fuel purchases OFTEN? But it seems to be a certain degree of misperception between citizens and the resources under all values, which is clearly the case. And given that the definition of inflation is a time when increased an average of all values (including salaries), I think we are anywhere near falling within this definition. Not as many values, not increasing.
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