The Daily Money: Some items are actually getting cheaper

Inflation is coming down, ever so slightly. And some items like smartphones, beef and TVs are getting cheaper. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, November 11 TGIF! We made it! I'm Elisabeth Buchwald here with your final Daily Money of the week. It's been a wild week. The fate of the House and the Senate remains undecided. Crypto is in free fall. And we also got new inflation data that could change the Fed's rate hiking plans.  So yeah, a wild week...  That's why we decided to hit the pause button and break down what these developments (and more) mean for you and the economy moving forward. What's getting cheaper? The bad news: inflation is still high. At 7.7% it's well above the Fed's 2% target. The good news: it's not as high as it was earlier this year. Believe it or not, some items are actually costing less than they did last year.  For instance, beef prices are down nearly 4%. But the biggest declines were for smartphones, tickets to sporting games and TVs, according to data from the latest consumer price index report. Smartphones are particularly interesting. Apple's iPhone has increased in price since last year. Its newest model, the iPhone 14, has a starting price of $800 while the iPhone 13 had a starting price of $700 when it was rolled out last year.  If one of the most popular smartphones got more expensive why is the Bureau of Labor Statistics, the agency that publishes CPI reports, saying otherwise?  All is revealed in my latest story! 📰 More stories you shouldn't miss 📰 Honoring their sacrifices: America's national parks are free to visit on Veterans Day and many are tied to the military Appeal filed: US judge in Texas blocks President Biden's student debt forgiveness plan Elon Musk ends remote work at Twitter: Warns staff of 'difficult times ahead,' reports say About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can follow her on Twitter @BuchElisabeth and sign up for our Daily Money newsletter here Smartphones, beef and TVs are all cheaper Inflation is hovering at 7.7%, a slight improvement from September. But some prices are coming down providing a little bit of relief to Americans Air Canada damaged this passenger's wheelchair twice on one trip What stores are open, closed on Veterans Day? Salesforce, Redfin cut jobs amid broader tech layoffs 'Never before': Art from Microsoft founder makes record-breaking sale Fake Eli Lilly Twitter account locked after false claims about insulin GM recalls 340,000 big SUVs. Here's why. Juul cuts 400 jobs as the vaping company faces growing setbacks Why 3 generations of this family hiked 18 miles together Adidas to sell Kanye West's shoe designs without Yeezy name   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102