It’s too soon to declare victory over inflation, but from gas to chicken to big-screen TVs, there are, increasingly, signs that inflation’s grip on American pocketbooks may be loosening. Gas prices are back to last year’s levels, after spiking to a record high of just over $5 a gallon this summer. For perspective, a gallon of regular has fallen by almost 50 cents in just a month, making it about $10 cheaper to fill up an average SUV today than a month ago.
Retailers awash with excess inventory are expected to keep marking down goods into the end of the year, as consumers shift from buying couches and clothes to spending on travel and experiences — where prices are not coming down for now. In other areas, price increases are moderating, as global supply chains work themselves out and commodity and shipping costs decline. Skyrocketing rent and automobile prices are still rising, but more slowly.
Another lie pandering to the left
Bullsh*t!
Dare you say ‘transitory’ again? You’re FoS.
Inflation abating? Why?
Majid Rahmanood was executed by the Islamic Republic مجیدرضا_رهنورد MajidrezaRahnavard MahsaAmini
The Islamic Republic is a dictator. The embassies of the Islamic Republic in Europe and America must be closed
Wrong fake news again. The recession is coming
Your full of diss informational shit.
Well tell that to my husband who has to make up the loss in our 401k when it tanked!
Haaaaaaa
Five bucks for a dozen eggs. Go sell that bs elsewhere.
Well ya!! Nobody can afford anything anymore.
You mean corporations choosing to raise prices on goods even when they’d be fine if they didn’t? On products that aren’t affected by Russia at all? Lol
Probably because we’re entering a recession
No . More lies just shut down already. You all just cant tell the truth. Why?
Gas, yeah. TV's, wouldn't know. But where has ANYTHING in the grocery store gone down in price?
That’s because all of the government free money is gone and we’ve rocketing head long into a recession.
Do you get out very often 🤡🤡🤡
Yeah ok! Eggs are 6.00 dollars a dozen. President Trump needs to come back
Please tell me you don't expect anyone to believe this....you do realize we go shopping every week?
Fake News like usually
No shit Sherlock- we’re headed into a recession.
What are you smoking CNN?
That’s just your spin on it
Communist News Network
Oh my its no wonder nobody watches your garbage news , Credit cards are through the roof and with the interest rates when these payments come due watch what happens around Feb . worstmediaever fakenews Credit creditdebt
CNN discovers Black Friday
No, it’s not. This is you conditioning your followers that simply believe in a headline that it’s true.
LIARS!! FAKE NEWS!! ALL PROPAGANDA!!!! NOBODY BELIEVES YOU ANYMORE CNN. WE THE PEOPLE.
'Shoppers scored major deals over the Thanksgiving shopping period amid widespread price-cutting.' That's called Black Friday and Cyber Monday.
Sam Brinton, nonbinary Biden official, stole jewelry worth $1,700 in second luggage theft. Inflation is real.
Sure doesn’t feel like it
Everything was better under Trump
Glad to see prices starting to come down a bit but I’m going to keep the celebration short until I see more of a long term effect.
In all fairness chickens haven't fluxuated in price much. Like almost the least of any staple food.
Well the latest CPI numbers would tell a different story.
Elitist idiots
Please stop lying.
You mean the recession?
strange because prices at the grocery store go up every time i shop
Really? Where did you get this incredible piece of claptrap?
Bullcrap
Fake news again. Give this story a week.
Sweet 18hr ratio CNN! Talk about bitter clingers 🤣🇺🇸🧂
Like cnns ratings
Ratio lmao
Enough is Enough we 75 million Iranian asking all world to expell all diplomats from this fascistic murderer of Islamic regime in iran and close these spy nest where are used for terror and kidnapping of opposition journalists reporters and politicians you all are responsible!!!
ok... Its only because people stopped buying them did they drop, not because of lower inflation. Its purely a supply and demand issue.
Yes it is too soon. Inflation is here to stay for many years. We will need new gold backed currencies to exit from this mess.
The same news organization that said inflation would never happen a year ago. How about it’s going to get a lot worse before it gets better.
Nonsense. American's do not know how to save money for a rainy day and that why they are always in hock. Besides stimulus checks are still being sent out! mediapropaganda
Ya sure about that ? Diesel is still outrageously price which will keep inflation up. Stop lying. All these political games are nauseating
Are we living on the same planet
Fake news
I thought Biden said we weren't in a recession...
liberals dont want facts , cnn should know that by now
Re-frase this headline if trump was still the president...... Your ratings are tanking just because of bias.... its very sad
CNBC SquawkCNBC Business CNN isn’t even a business network yet they report financial news better than CNBC and are far less partisan.
Uh nope. CNN is 100% out of touch with reality.
You’re joking. Ask New Englanders about their heating costs!
Pure propaganda. More BS from going out of business Clinton news network
💩
Fake News !
Recessions do that
What, creon astronomical inflation to just outrages inflation? Great job! 😶 Let's go Brandon!
Not as inflated as last year is a heckuva boast. It's like I gained 100 lbs in the past year but I recently lost 35 lbs. You are still carrying an extra 65 lbs., ya fatty.
You mean Biden is printing more money?
Liar, liar! Are you kidding me? Inflation has scy rocketed. My rent just went up $200 a month. I’m on a fixed income. Groceries are skyrocketing!
It's all an illusion. Created by selling assets we have to boost things artificially. It's creating an even bigger wave. This is what you are allowing... remember that.
NOT IN VERMONT!
Yeah, it's called massive profits that consumers are sick of... Look how 'black friday' failed, we said 🖕
Consumer debt is at an all time high. This is NOT a good sign. This is Americans have been greedy and spoiled for many years and don't believe the carriage right in front of their face.
CNN BULLSHIT
Unless you look at the PPI numbers that came out on Friday, but why would you do that you're only CNN
Bad signs! Go shopping for food when you’re not a millionaire
I guess you ignored the increasing PPI numbers released this past week.
BIDEN PROPAGANDA!
This isn't news it's propaganda. It's designed to control the thoughts of mindless sheep. Inflation is real and isn't getting better.
Thats because between you and me. Dont say anything but tax breaks DO work and its exactly what the Bye-then administration is doing...shhhhh. You don't want to piss off the 'tax the rich' advocates. God forbids they will pass it along to OUR pockets like its been happening
BS
Oh yeah? Butter $2.25 2019; Butter $5.98 2022. Just one example.
Gas will pop soon, give it time
WARNING: YOU ARE READING A STATE-SPONSORED TWEET
I'm really fond of your flexible word selection 'signs' 'may' your lying but not lying. The 3 day weather outlook is a big batch of sunshine up our asses.
Sounds like propaganda from the Biden cronies at CNN to me. Costs of food and essentials are still up where i live. Toys and Christmas shopping doesn't count. Has CNN ever heard of a sale?
More fake news.
What drugs are u on?
BRICS is gonna make this a bad upcoming year
Gaslighting! Can’t wait to read the CNN files. They have been working with the government for years.
1 bag of groceries $100 Screw your comment
The demoRat dream world...where you can say whatever you want even when it's a bold face lie.
Nope, as usual, fake news from CNN. Inflation is just starting & will continue well into next year & the beginning of the 'Great Recession' will start...
Eggs are still $6/dozen in my area.
. WOW! You CNN folks do realize we drive a lot less in the winter months right? So of course gas will go down. By the way we were paying $2.54 a gallon for gas in December 0f 2019. Tell Joey to remove his restriction he put on Drilling and Transporting of Gas and Oil in America.
Wrong
Lmao if you say so..
It is too soon for this article as well. Housing, Rents, furniture, groceries, travel, college Tuitions, auto repair, home repair, home heating, gas etc. is suffocatingly high.
Starting to go Down means it’s still up! Report on something that is real life for once.
The nightmare before Christmas: Jeep lays off 1,350 workers at Illinois Cherokee SUV plant - blames high cost of switching to electric car production and moves factory to MEXICO
Yeah no one can afford anything. So demand is in the toilet. We get so tired of you pushing WH talking points.
No. People are fucked. So they may as well go out with a bang.
Its going to get worse. Better stock up on food this winter because a huge shortage will be here 2023. We are still living off last years crops, wait until summer 2023 when you xant get anything you want and are still paying out the ass.
Hey Communist News Network... Let us know when groceries go back down 30%.
Probably even irresponsible to imply…
CNN,, You do realize you have lost any shred of credibility you still had left..
Until food, gas, electricity, and natural gas prices come down I don't want to hear the lies. You clearly aren't grocery shopping or paying for your own gas....
Or, the slump in demand is causing a market shift.
it's precisely that 'pocketbooks' never actually tightened which proves inflation DID NOT (in the last year) pose any significant hardship for the majority of Americans.
😂😂😂
4.07 for a dozen eggs...almost 5 for a gallon of milk. 9.05 for 3 chicken breasts. 17 for a 3 lb. bag of frozen chicken breasts. Utility bills have more than doubled. You are out of touch with reality.
I hope so
Lies
It should have never happened in the first place. I wonder how much our Politicians made, while sticking it to us.
Gas prices are down because demand is reduced in the winter. Food prices are still high, a lot of it because of the price of diesel to ship products. Try living in reality rather than what the biden regime tells you to believe
The price of fuel is artificially low because numb nuts keeps releasing from the strategic petroleum reserves.
Note the weasel word may
Says who? CNN? hahahaaaaaa!!! 😂
People stopped buy things that are not essential, the prices of those will go down because stores need to get rid of stock before end of year.
No
What about food prices and Diesel fuel
Not buying it. My retirement and grocery bill prove it.
Where?
Once again CNN got it wrong. Hope they’re propagandist go on strike too.
I seriously doubt it. I'm an average American and I am no closer to buying a television than I was a year ago. Ask the person in the picture 'how are you paying for your purchases' I bet it with credit cards.
And your station continues to lie boldly
I live in Ontario Canada. Yesterday at the grocery store I saw a pack of fresh chicken breasts. The cost was $32. Whoever wrote this article is out of touch.
The damage is done. The prices aren't coming down. Just aren't going up as fast. Vehicles and food are out of control.
Look, it's CNN pushing propaganda for Biden.
CNN = Pravda
Haha whoever wrote this either is a liar or hasn’t been shopping in a while.
Is CNN high?
Propaganda to deceive as the real stories you dare not touch
Bullsh*t
Every month it's above 2 percent is a disaster
Tell us you are Democratic Party propaganda, without telling us
At the cost of high interest rates and declining stock market.
Propaganda
Let's see how things pan out when Corporations fire employees and raise prices because of Inflation Reduction Act. Let's see how things are when the Federal Reserves are dry.
My family can't eat a TV this Winter. My mortgage is up, my electrical is up, the Cost of my food is up, and I can't afford gas. And no one is hiring a disabled, retired vet. You guys are out of your d*** minds. I used to have savings for Christmas, but not anymore.
You are still garbage
Fake news
It's called deflation. It happens before a currency crashes.
Thankfully, the adults are in charge.
Prices going up in the US, what did you move to Canada ?
When boneless chicken wings at your local pizzeria are replaced with imitation chicken nuggets coated in BBQ and you’re still charged $12 for 8 pieces. chicken inflation somebullshit
$7 for head of iceberg lettuce. Sorry, but you are wrong. Food prices still escalating.
Keep telling the same lies... People know that prices are still up significantly... CNN is leftist propaganda. They hate the truth and free speech...
Everyone complaining about inflation. Simple solution. It’s never too late to do better with your money. Broke ass 🤡s
Fake news. Gas is still 100% higher than in 1/6/21.
Lol bacon is $9 and eggs are $7 who are u trying to fool?
Why aren’t you reporting on the Twitter files and massive corruption?
Milk $6.50 soda $3 ham $30 coffee $20 how tf is inflation coming down ?
CNN continues to Gaslight.
Nope! You got it wrong
That is because there is no victory over inflation
you guys are the worst , go inside middle class neighborhoods ( not poor) and see it by yourselves, people that actually follows your lies and then come back and rewrite your story Wake up people, the left doesn’t work , it’s been proven.
Nope
I go to the grocery store at least twice a week. I’m seeing the exact opposite. Prices continue to rise…
Smiths/Krogers TODAY: CocaCola 2 ltr bottle is currently $2.99. This makes a gallon of coke almost $9.00. • 1 week ago it was $1.50 Either they are desperate for 4th quarter dividends for stockholders OR trump is demanding larger campaign contributions
Low prices can be achieved through efficiency and various means, but continually adding on the books jobs, instead of public option healthcare for freelancers, is risky path.
What CNN is not telling you is that the Federal Reserve will continue raising interest rates. This is expected to , per the Federal Reserve , cause people and businesses 'pain'.
Gas went down groceries doubled
Get off your knees 🤡
It isn’t!
It isn’t!
I just got one of my prescriptions filled today and it cost me more this month than I did last month so please tell me how it gets better
Up $5.00, down 10 cents. Sounds about right
The VA Increasing my Disability pay by 8.7%. The ONLY reason for this is because cost of living has gone up. this is the LARGEST increase in 40 years. Inflation going down my foot.
CNN motto: 'Everything is fine when a DemocRAT is in office, and when it's not: Blame Trump!'
I hope it does come down, but that's not what we are seeing locally. Our grocery bill is about 50% more than last year item-for-item. We've had to make serious cuts. Our home electric and gas bills are 30% higher also. We are able to absorb this, but a lot of people cannot.
You are woefully incorrect and continue to embarrass yourselves.
Big screen “cheap” TVA have been cheap even when trump was in office. Yall desperately reaching!!
Keep calling out the profiteering, and advocating for more anti-trust legislation.
Lmao bitch where?
It takes time and reasonable policies to gradually improve. It is not a matter of a day or two for inflation to arise and be resolved. Be patient and do what you are doing now, and we will get better
Gas is $1.53 more then when Joey and Hunter took office
Paid $7.00 BUCKS for eggs. Your full of crap.
Wait. Biden and his sheep said there never was inflation. Which lie are we going with this week?
Republicans said they’ll fix inflation. I’m sure Kevin McCarthy and the House majority have a plan when they’re not busy working on revenge politics.
A dozen eggs is currently 4 dollars and 39 cents in western NY. That is 39 cents an egg. 3 weeks ago the same dozen was 26 cents an egg. If you want to gauge inflation, watch the egg prices. Not gas, chicken or TV's. Eggs.
Groceries are still ridiculous.
No one is buying your BS. Historically Fuel prices drop during the Winter due to lack of demand. Historically Retailers reduce their prices to be competitive during the Holiday Seasons. Look it up
Psss
Lies! I’m not seeing it! One Freaking BIT! Let’s talk about Food! Yeah, the shit that goes on the table!
You guys are being WAY too harsh on Biden. Aside from the tanking economy, the porous border destroying our energy independence the plunging stock market the soaring crime rates the endless race baiting the divisiveness and the empty shelves he's actually doing a pretty good job
Is this an April Fools joke?
You’re so full of sh1t. 30 carton of eggs 3 years ago was 3.30. Today it’s 14.99. Gas is double and the IRS is tracking 600 transactions not 6 million dollar transactions to the Bidens.
Y’all can’t actually believe this bullshit you are spewing
WHCOS Not a single person in the food industry believes any of this. Why? We actually know nothing has come down. It’s all the new norm.
I don’t know where you are looking, but last week gas was 3.80 and now they are back up to 4.08
WHCOS Really?
You’re watching it your coverage too much. I’m a printer, paper prices are up 125%, now gas surcharges. JuliaBrownley was too busy to help.
Chicken is over 5 dollars a pound. That isn't cheap. I think the grip is doing quite well for itself.
Why is Lucky Goldstar the only brand?
Eggs are $7
THANK YOU BIDEN AND DEMOCRATS!!
So you mean Americans are just getting used to higher prices? Inflation isn't happening, corporate greed is
Did the FBI or DHS encourage you to write this article?
If you have to look at chicken for inflation, something isn’t right.