Wednesday, March 7, 2012

Food inflation dips and apparel prices still falling: study

There's good news for your wallet.

Food price inflation is slowing a bit, though the popular Atkinsdiet has pushed beef and veal prices higher. Clothing prices continueto fall, and home furnishings are declining at their fastest pace infive years, thanks to loads of sales, according to a study releasedWednesday by Ernst & Young.

The Ernst & Young report, the third price study it's done sincelast September, looks at three categories from the government's muchbroader Consumer Price Index reports to see how inflation, or thelack of it, affects Americans' day-to-day purchases.

"Consumers can expect to spend less on apparel and housefurnishings," said Jay McIntosh, …

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