For the past three years, prices seemed to go in only one direction: up.
As a result, so many things are more expensive these days.
“Everything’s gone up, everything’s gone up,” shopper Jobe Jennings told us.
But in 2024, we are seeing a change, where prices on a few things are actually down a bit.
So what we found in the government’s latest Consumer Price Index data might surprise you.
Appliance prices down this year
Prices on stoves, refrigerators and other kitchen appliances are down about six percent compared to last year.
Washers and dryers are down more than 14 percent.
In addition, manufacturers are offering hearty rebates for the first time in four years.
“There are quite a few sales and rebates going on,” Reese Dorsey, sales manager of The Appliance Loft told us.
Used car prices down this year
Also down in prices are used vehicles, falling two percent since last year, when used car prices hit record highs.
“Some of that stuff was as high as we’ve ever seen.”
Car dealer Gary Heflin of Courtesy Automotive said with the new car shortage finally over, demand has dropped for used cars and trucks.
“Now that there’s some availability of that product new, that has helped bring down prices,” he said.
Furniture prices down this year
Another place to find savings is the furniture store, with prices down slightly.
And if you need a technology upgrade, prices are down on computers, HDTVs and smartphones in 2024.
MORE: Check out our Furniture Buying Guides to find the best bang for the buck pieces for every room in your home.
But still not enough to put shoppers ahead
Falling prices are generally a good thing, but are they enough to offset other rising costs?
Bankrate analyst Mark Hamrick said consumers are still not coming out ahead.
“I think you take the win where you can get it when it comes to areas where prices are falling, but unfortunately they are not sufficient to make up for the areas where prices are on the rise,” he said.
Julie Ramhold, a consumer analyst with Deal News, “says markdowns are still not as extreme as most shoppers would like them to be.”
“But we may be seeing them pop up kind of more often,” she said. “Because retailers are trying to entice shoppers to go ahead and buy those items.”
Also down in price so far this year
So if you’re in the market for a purchase, take advantage of deals when you see them, so you don’t waste your money.
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This article originally appeared on WCPO, Scripps News Cincinnati.
This story originally appeared on Don't Waste Your Money.
