In the U.S., topline inflation is down across DPI categories for the fifth month in a row (-0.1% in the all-items index and -0.3% in the all-items less grocery index). Prices remain down year-over-year in the all-items index (-0.7%) and down for the all-items less grocery index (-2.2%).
In August, deflation was primarily in travel, consistent with the end of the summer travel season: international flights are down -3.8% month-over-month, while domestic flights and hotels are showing prices down -3.4% and -2.2%, respectively. On the retail side, tablets (-2.5% MoM), computers (-1.1% MoM), and televisions (-1.1% MoM) showed the largest levels of deflation in August.