US October Consumer Goods Inflation Slows in OpenBrand CPI Data

US consumer durables and personal goods inflation decelerated in October for the first time in three months, reflecting a slight pickup in the degree of merchant discounting, according to OpenBrand price data.

The group’s measure of prices for big-ticket goods and personal-care products rose 0.22% last month compared with a 0.48% increase in September. OpenBrand, which tracks prices daily from online marketplaces, retail websites, and brick-and-mortar store listings, said price growth slowed across all groups but communications devices.

The magnitude of discounts edged up from the prior month to 20.4%, nearly matching the highest since July of last year, while ...