71 Prices That Decreased in January and Helped Keep Inflation Down

The U.S. economy appears to be finding its footing after the turmoil brought on by President Joe Biden’s significant expenditures and the inflationary policies of Federal Reserve Chair Jerome Powell.

Inflation, or the general increase in prices, is not only slowing down; many prices are actually going down, somewhat aligning with what former President Donald Trump promised during his campaigns.

“From day one, we’re going to end inflation, lower the prices of all goods, and make America affordable again,” Trump stated during a rally in Bozeman, Montana, back in August 2024.

Last month, core consumer prices experienced a modest rise of just 2.5% in comparison to the same month last year, marking the lowest core inflation rate since March 2021, when what many termed “Bidenflation” was starting to take hold.

Commodity prices dipped by 0.1% since December, with a mere 1% increase over the year. If you disregard food prices, commodities have generally declined, with almost a half-point drop occurring in January.

Here’s a list of 71 prices for goods and services that have decreased since January compared to the previous year’s end, all numbers adjusted for seasonal changes:

1. Tax return preparation and accounting services – decreased by 13.8%
2. Eggs – 7.0% decrease
3. Fuel oil – 5.7% decrease
4. Pork chops – 4.1% decrease
5. Other motor fuels – 3.6% decrease
6. Regular unleaded gasoline – 3.4% decrease
7. Men’s suits, sport coats, and outerwear – 3.3% reduction
8. Lettuce – 2.8% decrease
9. Other beverage ingredients including tea – 2.8% decrease
10. Mid-grade unleaded gasoline – 2.6% decrease
11. Oranges, including tangerines – 2.6% decrease
12. Men’s pants/shorts – 2.4% decrease
13. Motor oil, coolants, and fluids – 2.3% reduction
14. Raw beef steak – 2.2% decrease
15. Peanut butter – 2.2% decrease
16. Baby food and milk – 2.1% decrease
17. Butter – 2.1% decrease
18. Premium unleaded gasoline – 2.1% decrease
19. Shelf-stable seafood – 2.1% decrease
20. Frankfurt – 1.9% decrease
21. Tomatoes – 1.9% decrease
22. Apples – 1.8% decrease
23. Used cars and trucks – 1.8% decrease
24. Automotive supplies other than tires – 1.8% decrease
25. TVs – 1.8% decrease
26. Newspapers and magazines – 1.6% decrease
27. Other fresh fruits – 1.6% decrease
28. Frozen/freeze-dried processed foods – 1.6% decrease
29. Propane, kerosene, firewood – 1.5% reduction
30. Heavy oil and other fuels – 1.5% reduction
31. Freshly baked sweet rolls, coffee cakes, and donuts – 1.3% decrease
32. Other uncooked beef and veal – 1.3% decrease
33. Coffee – down 1.3%
34. Raw roast beef – 1.3% decrease
35. Health insurance – 1.2% decrease
36. Car and truck rentals – 1.2% decrease
37. Other accommodations such as hotels and motels – 1.2% decrease
38. Other fresh vegetables – 1.1% decrease
39. Fresh fruit – 1.1% decrease
40. Glasses and Eye Care – 1.0% decrease
41. Women’s outerwear – 0.9% decrease
42. Other intercity transport – 0.9% decrease
43. Flour and prepared flour mixes – 0.8% reduction
44. Bread – 0.8% decrease
45. Potatoes – 0.8% decrease
46. Sports vehicles including bicycles – 0.8% decrease
47. Beef and veal – 0.7% decrease
48. Other out-of-home food – 0.7% decrease
49. Major home appliances – 0.7% decrease
50. Sports equipment – 0.7% decrease
51. Fresh vegetables – 0.7% decrease
52. Fresh biscuits, rolls, and muffins – 0.6% decrease
53. Men’s shoes – 0.6% decrease
54. Frozen dairy products – 0.6% decrease
55. Video discs and other media – 0.6% decrease
56. Other housing equipment and furniture – 0.6% decrease
57. Infant and infant clothing – 0.6% decrease
58. Women’s jewelry – 0.6% decrease
59. Other processed vegetable products – 0.5% reduction
60. Accommodation away from home – 0.5% decrease
61. Recreational books – 0.5% decrease
62. Other household fuels – 0.5% decrease
63. Pharmaceuticals – 0.4% decrease
64. Ornamental plants and flowers – 0.4% decrease
65. Windows, floor coverings, and other linens – 0.4% decrease
66. Apparel services other than laundry and dry cleaning – down 0.4%
67. Sugar and confectionery – 0.3% decrease
68. Other dairy products and related products – 0.3% decrease
69. Water, sewerage, and garbage collection services – 0.2% decrease
70. US – 0.1% decrease
71. Tenant and household insurance – 0.1% decrease

Interestingly, the price drops weren’t limited to just January. In fact, many prices for various items have decreased compared to a year ago. Here’s a list of 47 consumer products and services that have experienced price declines over the past year:

1. Eggs – 34.2% decrease
2. Moving, storage, and transportation costs – 15.9% decrease
3. Smartphones – 10.6% decrease
4. Regular unleaded gasoline – 8.0% decrease
5. Propane, kerosene, firewood – 7.9% decrease
6. Shipping freight – down 7.0%
7. Attendance at sporting events – 6.3% decrease
8. Men’s suits, sport coats, and outerwear – 6.3% reduction
9. Mid-grade unleaded gasoline – 5.8% decrease
10. Butter – down 5.0%
11. TVs – 4.8% decrease
12. Premium unleaded gasoline – 4.7% decrease
13. Wireless telephone service – 4.3% decrease
14. Fuel oil – 4.2% decrease
15. Other fresh fruits – 2.9% decrease
16. Other telephone services – 2.9% decrease
17. Motor fuel – 2.9% decrease
18. Energy products – 2.9% decrease
19. Toys – 2.6% decrease
20. Tomatoes – 2.4% decrease
21. Heavy oil and other fuels – down 2.4%
22. Potatoes – 2.3% decrease
23. Sports equipment – 2.3% decrease
24. Other motor fuels – 2.2% decrease
25. Health insurance – 2.2% decrease
26. Used cars and trucks – 2.0% decrease
27. Women’s underwear, nightwear, swimwear, and accessories – 2.0% reduction
28. Video discs and other media – 1.8% decrease
29. Newspapers and magazines – 1.8% decrease
30. Financial services – down 1.6%
31. Men’s shoes – 1.5% down
32. Sewing machines, fabrics, and supplies – 1.2% decrease
33. Infant/toddler clothing – 1.1% decrease
34. Other foods – 1.1% decrease
35. Tax return preparation and other accounting fees – 1.0% reduction
36. Frozen/freeze-dried processed foods – 1.0% decrease
37. Women’s jewelry – 0.9% decrease
38. Other dairy products and related products – 0.7% decrease
39. Shipping – 0.7% reduction
40. Dairy products and related products – 0.3% decrease
41. Sports vehicles including bicycles – 0.3% decrease
42. Watches – 0.3% decrease
43. Other household fuels – 0.3% decrease
44. Other fats and oils, including peanut butter – 0.1% reduction
45. Men’s shirts and sweaters – down 0.1%
46. Automotive parts and equipment – 0.1% decrease
47. US – 0.1% decrease