this post was submitted on 11 Aug 2023
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US inflation cooling as consumer prices rise moderately again (www.reuters.com)
submitted 1 year ago by nicetriangle@kbin.social to c/news@kbin.social
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Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

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[–] ampersandrew@kbin.social 2 points 1 year ago

Interest rates are high, and large purchases like furniture and vehicles are typically bought on credit. So what may have been a lower monthly payment with hardly any money going toward interest is now significantly more interest and a high enough monthly payment to make you reconsider the purchase.