#Deflation2024 #EconomicTrends #StockAnalysis
Deflation Breakdown for June 2024: Key Insights
As I analyzed the latest economic data, I noticed a significant shift in the deflation landscape for June 2024. The chart below provides a concise breakdown of the key trends and statistics.
Deflation Rate
The overall deflation rate for June 2024 stands at -0.5%, a slight decrease from the previous month. This decline is primarily driven by a drop in energy prices, which fell by 2.5% over the same period.
Sector-Wise Deflation
- Food and Beverages: Prices in this sector decreased by 1.2%, largely due to a 3.5% drop in meat, poultry, fish, and eggs.
- Housing: Housing costs saw a modest decrease of 0.8%, mainly driven by a 1.1% decline in shelter costs.
- Apparel: Apparel prices dropped by 2.1%, with a notable 3.2% decrease in women's and girls' apparel.
Impact on Stocks
The deflation trend is likely to influence stock performance. Key stocks to watch include:
Conclusion
The deflation breakdown for June 2024 highlights the ongoing impact of energy price declines on the overall economy. As a business analyst, it is crucial to monitor these trends and their effects on various sectors and stocks.
Original Article: https://www.cnbc.com/2024/07/12/heres-the-deflation-breakdown-for-june-2024-in-one-chart.html
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