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Comment by layoric | Hacker News Reader

Rise like rockets, fall like feathers as they say. Out of interest, in what markets have you seen prices come down?

Gas, batteries, cars and homes.

I understand people look at their grocery bill and get mad, since nothing seems to bring down food though.

Wow, really? Different here in Australia, petrol is $5.50/gallon ($2.2 per litre converted), batteries I don't know, but EVs are crazy expensive. And housing is absolute madness, Eg Sydney median house price is something like $1.125M AUD ($740k USD). So the price drops seem to be delayed here I guess..

That may be the median for all dwellings including apartments. The median detached house price is closer to $1.4m AUD in Sydney at the moment. Grocery prices are still near record highs, petrol has come down slightly but give it a week and it’ll be back up with our cycles, and products are still being shrunk in dishonest ways.

Still waiting to see the ‘prices come back down’ from the parent post, meanwhile our main shopping companies all posted record profits.

Average gas price in Australia during November $1.3 was per litre.

Surprising, where I am in Canberra, I never see it below 1.99 AUD/litre for the cheapest ethanol heavy stuff, but at my local nearly always see it above $2 AUD. But I don't get fuel that often so maybe I've just missed the drops.

Ahh, just realized $1.3 USD is about $2 AUD or ~$5.1USD/gallon, so yeah that tracks I guess.

Regardless, using housing is pretty disingenuous anyway. It’s a largely second-hand peer-to-peer market. Not like my eggs…I hope.

I'm not sure about batteries but gas/cars/homes are still WAY up from where they were about 4 years ago (wow, it's really been that long :P ) They've just ticked down (slightly) from their peaks.

Eggs have come way back down.

After being ordered to pay massive fines in price gouging lawsuits so no surprise there.

Lumber (5yr chart): https://tradingeconomics.com/commodity/lumber

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