Butter, Bacon, And A Bunch Of Other Goods Whose Prices Are Plummeting

supermarket shopping

Photo: Flickr – tizzie

Professor Mark J. Perry of the Carpe Diem blog has an extensive list of all the prices that saw major year-over-year declines in June.”Any notion that “real” inflation is now running about 8-10% at an annual rate according to some adjusted “real” measure of consumer prices seems to be very misguided, and not supported by the actual price data presented above for many food and energy items,” Perry writes.

Here’s the list:  

deflation

Photo: Mark J. Perry/Carpe Diem

SEE ALSO: The World’s Biggest Companies Reveal What’s Happening In The Global Economy >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.