9 Things That Are Actually Getting Cheaper

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Happy businessman using a smartphone
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After more than a year of significantly elevated prices, inflation might feel like a fact of life we’ll never escape. But as we anxiously watch the price of many goods rise, the cost of other items is actually falling.

Hard as it may be to believe, a handful of items have gotten cheaper over the past year or the past month — or both, in many cases.

The federal Bureau of Labor Statistics’ latest Consumer Price Index, which reflects August data, reveals that these items are bucking the trend of escalating costs, taking some of the sting out of rising prices elsewhere.

For comparison, the price index as a whole increased 8.3% from August 2021 to this August, and increased 0.1% from July 2022 to August 2022.

9. Wireless phone services

Verizon Wireless retail storefront
Andriy Blokhin / Shutterstock.com

Price change from August 2021 to this August: 0.6% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): None

8. Recorded music and music subscriptions

Woman listening to music
Look Studio / Shutterstock.com

Price change from August 2021 to this August: 0.6% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): 0.5% decrease

7. Uncooked beef steaks

Man cooking steak on a grill
Aleksei Potov / Shutterstock.com

While the price of uncooked beef steaks went down in August, the bad news is this was the sole grocery category that did not see a year-over-year or month-over-month increase. As a whole, grocery prices rose 13.5% over the past year and 0.7% over the past month.

Price change from August 2021 to this August: 3% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): None

6. Computers, peripherals and smart home assistants

Gay couple using a laptop
Fergus Coyle / Shutterstock.com

Price change from August 2021 to this August: 4.3% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): 0.6% decrease

5. Car and truck rentals

Car rental company counters in an airport
JW_PNW / Shutterstock.com

Price change from August 2021 to this August: 6.2% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): 0.5% decrease

4. Admission to sporting events

Friends at a tailgating party
Monkey Business Images / Shutterstock.com

Price change from August 2021 to this August: 6.7% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): 2.8% decrease

3. Telephone hardware, calculators and other consumer information items

Happy remote worker
fizkes / Shutterstock.com

This category does not include smartphones — which have seen an even steeper annual decrease, as we’ll get to in a moment.

Price change from August 2021 to this August: 13.8% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): 1.3% decrease

2. Televisions

astarot / Shutterstock.com

Price change from August 2021 to this August: 19.1% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): 3.0% decrease

1. Smartphones

Businesswoman looking at her smartphone
pickingpok / Shutterstock.com

Price change from August 2021 to this August: 20.4% decrease

Price change from July 2022 to August 2022 (seasonally adjusted): 0.7% decrease