Consumers pay less for durables again in 1998
June 17, 1999
Consumers paid less for durable commodities in 1998 compared to the previous year. Prices for consumer durables as a whole fell by 0.5 percent from December 1997 to December 1998.
The fall in prices for consumer durables in 1998 was the second consecutive drop—they had declined by 1.5 percent in the prior year. The 1997 decline was the first for consumer durables since 1965.
Examples of consumer durables are furniture, televisions, new vehicles, and motor vehicle parts. Television prices decreased by 4.8 percent last year and prices of motor vehicle parts fell 0.2 percent. Not all durables shared in the 1998 price drop: Prices of new vehicles were unchanged and furniture prices were up by 1.4 percent.
These data are produced by the BLS Consumer Price Index program. More information on consumer price changes can be found in "Consumer inflation remains modest in 1998," Monthly Labor Review, April 1999. Annual percent changes are December-to-December changes.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumers pay less for durables again in 1998 on the Internet at https://www.bls.gov/opub/ted/1999/jun/wk3/art04.htm (visited September 19, 2019).
Recent editions of Spotlight on Statistics
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.
- Labor force characteristics of people with a disability
Examines the labor force characteristics of people with a disability and compares them with the characteristics of people with no disability.