From CNBC: 2025-05-06 06:30:00

Inflation hasn’t reached target level, but some U.S. prices have dropped. Consumers enjoy lower prices on airfare, produce, household goods, electronics, and gasoline. Tariffs threaten to reverse declines. Economists predict prices will rise again soon. Gas prices are down almost 10% in the past year. Airline fares have decreased over 5%.

Oil prices decline, impacting gas prices. International travel to the U.S. drops, affecting airline fares. Produce prices decrease due to lower diesel fuel costs. Tomatoes, lettuce, and potatoes see price drops. TV and smartphone prices fall due to improved technology. Apparel and household goods also see price decreases.

Gas prices aren’t at $1.98 as claimed. Gasoline prices down 10% from last year. Airline ticket prices fall over 5%. International travel to the U.S. decreases. Produce prices decline, aided by lower transportation costs. TV and smartphone prices drop 9% and 14%. Apparel and household goods prices also fall. 1. The U.S. economy added 943,000 jobs in July, surpassing expectations. Unemployment rate dropped to 5.4%, a significant improvement from June. This indicates a strong recovery post-pandemic.

2. Wildfires continue to ravage California, with over 300,000 acres burned and thousands evacuated. Firefighters are battling multiple blazes amid scorching temperatures and high winds.

3. The Tokyo Olympics have come to a close, with the U.S. finishing on top of the medal table. Athletes from around the world showcased their talents in a unique and challenging event.

4. COVID-19 cases are surging in the United States due to the Delta variant. Hospitals are overwhelmed, and health officials are urging vaccination and safety measures to curb the spread.

5. Hurricane Ida strengthens to a Category 4 storm as it approaches the Gulf Coast. Residents are evacuating and preparing for potentially catastrophic impact. Authorities are warning of dangerous storm surges and heavy rainfall.

Read more: Which prices are falling for consumers