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(NewsNation) — Annual inflation in July fell below 3% for the first time since March 2021, but prices for some things — such as eggs and car insurance — continued to rise.According to the latest Consumer Price Index (CPI), eggs and car insurance both cost almost 20% more than they did a year ago. Tickets for sporting events have also shot up about 9% compared to last year.With that said, the inflation picture looks much better for the most part. Last month, overall inflation was 2.9% year-over-year, a reading that sets up the Fed to cut interest rates in September.“We’re finally, hopefully, getting to this normalization with a little bit of inflation, a full labor market, and some stabilization in prices across the board,” Investopedia editor-in-chief Caleb Silver told NewsNation’s Elizabeth Vargas on Wednesday.Although not the norm, some prices have gone down over the past year. Used car prices have dropped about 11% since last year and airfare has become more affordable in recent months.Here’s which prices are going up and coming down.Which prices are rising?Egg prices have surged nearly 20% since last yearAfter peaking at $4.82 per dozen in January 2023 due to a bird flu outbreak, egg prices are climbing again. They now cost nearly 20% more compared to July 2023, according to the Consum …
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