Despite soaring U.S. inflation, some things are getting cheaper
CBSN
Americans are getting walloped by higher inflation. A recent estimate by economists at the University of Pennsylvania's Wharton Business School found that the average household must spend $3,500 more in order to buy the same amount of goods and services they did in 2000. But despite inflation hitting a 40-year high in January, a handful of items have actually gotten cheaper over the last year.
Prices dropped for more than a dozen goods and services from January 2021 to January 2022, according to government data released on Thursday. That includes books, smartphones and other items, such as:
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