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These things are getting cheaper thanks to COVID-19

MoneyWise Logo By Shane Murphy of MoneyWise | Slide 1 of 12: Even as some states begin to lift their lockdown measures, prices continue to plummet nationwide in the wake of the coronavirus pandemic. According to the U.S. Bureau of Labor Statistics, consumer prices fell another 0.1% in May, following a staggering 0.8% drop in April — the largest tumble since 2008 — and a 0.4% dip in March. While lower prices might sound like a good thing, these cuts could spell more bad news for the economy in an already devastating year. Low prices are usually a response to decreased demand, which can lead to low sales, store closures and layoffs for workers across multiple industries. High unemployment causes demand to fall even further. If you want to help, feel free to take advantage of these discounts and buy — within your means, of course. Click to see the prices that saw some of the largest drops between April and May.

Even as some states begin to lift their lockdown measures, prices continue to plummet nationwide in the wake of the coronavirus pandemic.

According to the U.S. Bureau of Labor Statistics, consumer prices fell another 0.1% in May, following a staggering 0.8% drop in April — the largest tumble since 2008 — and a 0.4% dip in March.

While lower prices might sound like a good thing, these cuts could spell more bad news for the economy in an already devastating year.

Low prices are usually a response to decreased demand, which can lead to low sales, store closures and layoffs for workers across multiple industries. High unemployment causes demand to fall even further.

If you want to help, feel free to take advantage of these discounts and buy — within your means, of course. Click through the gallery above to see the prices that saw some of the largest drops between April and May.

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