CHARLOTTE, N.C. — High inflation continues to impact American consumers, with retail prices up 6.4% from this time last year, data from the U.S. Bureau of Labor Statistics shows.
Some of the most notable price hikes include the cost of housing, food, gas and natural gas. But there are a few things that are actually getting cheaper compared to this time last year.
Six things that cost less in February 2023
1. Uncooked beef steaks
Federal data shows steaks have gone down 3% from January 2022.
2. Women's outerwear
Women's outwear is down 4% from this time in January 2022.
WCNC Charlotte is always asking "where's the money?" If you need help, reach out to WCNC Charlotte by emailing money@wcnc.com.
3. Used cars and trucks
While the market for used cars has been hot, things are cooling off. The data shows the average price for used cars is down 11.6% from last January.
4. Televisions
If you're in the market for a new TV, congratulations. You'll save an estimated 13.2% compared to those who bought a TV last January.
5. Computers
New computers are down just over 6% from January 2022, data shows.
6. Smartphones
If you're due for an upgrade, you could see huge savings. The average price of a new smartphone is down 23.9% from last January. If you aren't ready to fork out the money for a new phone, you should still keep it updated to protect your personal information.
Contact Carolyn Bruck at cbruck@wcnc.com and follow her on Facebook, Twitter and Instagram.
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