"December 2023 Deflation: Price Drop Chart Revealed"

In December 2023, certain consumer categories in the US experienced deflation, with prices declining for items such as toys, college textbooks, televisions, men's suits, sporting goods, furniture, and computer software. The shift away from spending on goods to services has contributed to this trend, along with factors such as a strong US dollar, falling energy prices, and quality adjustments in price data. However, some deflationary dynamics are only reflected on paper due to quality improvements over time, and attacks on merchant ships may reverse some goods deflation.