If you were to add up all the positive numbers that extend to the right and subtract all the negative numbers that extend to the left you would come up with a year over year percentage change of 1.2%.
Relatively low inflation, indeed.
Observation: What you see is a bunch of numbers. What I see is globalization. Compare the change in prices of the top and bottom 10 items. The goods and services at the top of the list are considered "Non-Tradable" items. They are produced domestically and are virtually impossible to "off- shore". They are not so much subject to global competitive price pressure. These prices tend to increase consistently.
The goods at the bottom are "Tradable" and subject to the competitive price pressure of being produced off-shore. These prices tend to decrease, or at least remain stable, over time.
|Source Business Insider (go here for larger image)|