- New car prices dipped 0.2% MoM last month, the first decline since April. Used car prices were down 0.9%, the second falloff in a row and the first back-to-back decline since the depths of despair in March-April 2009.
- Despite the surge in food costs, grocery chains only managed to raise prices 0.1% last month.
- Higher cotton prices have yet to filter through — apparel prices at the retail level fell 0.4% and are down in each of the past three months.
- Appliance prices deflated 1.2% in October, the second decline in as many months; furniture prices are down five months in a row. Clearly, the housing market has yet to stabilize or these items would still not be falling in price.
- Hotels saw a 1.3% price slide — negative now for three months in a row. Electronics prices dropped 0.1% in October and have deflated for four months running.
- Recreational services prices were off 0.3% and down for two months in a row.
- After deflating for just the second time ever in September, education prices were flat in October. The three-month trend, at -0.5% at an annual rate, is the lowest this metric has ever been — for most of the past decade, the price trend here was locked in a 6-8% band, and now it is negative. Goes to show how desperate the colleges are to draw in cash-strapped students.
- Toy prices slid 0.5% and have fallen now in seven of the past eight months.
- Personal care products slipped 0.3%, the second decline in a row.
- Despite higher fuel costs, airfares have been held to less than a 0.2% advance in each of the past two months.
- Jewellery prices fell 0.7% in October and are down in three of the past five months.
- The price of sporting goods was flat after three months of decline. Ditto for reading materials.
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