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Cheap Doughnuts Ignored in Market Fixated on Fed Stimulus

Among the price changes for hundreds of items listed in the government’s inflation report for May, there weren’t many declines to talk about.

If you love a good cruller, you may have noticed the 0.4 percent drop in sweetrolls, coffeecakes and doughnuts. Lamb and mutton, salad dressing and bananas were also among the minority of consumer goods showing year-over-year declines. Otherwise most prices were up, as BTIG LLC strategist Dan Greenhaus noted of the report showing the biggest gain in consumer prices in more than a year.