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Costs have fallen and food is slightly better.
Unit labour costs have fallen sharply since 1996 (see chart).
Drug costs have fallen as products lose their patents.
In recent years, solar costs have fallen substantially, and installed capacity has grown very rapidly.
But although fuel costs have fallen lately, the outlook for aviation has worsened.
Even in the North Sea, the bare-bottom operating costs have fallen to $4 a barrel.
Labor costs have fallen in most of the countries, which could lure new investors and jobs.
Land and labor costs have fallen significantly, so the newest homes are competitively priced.
Production costs have fallen by 14%, despite the hefty price that Monsanto charges for its seeds.
Banks' funding costs have fallen, theoretically allowing them to pass the benefit to clients.
Wages in Germany, however, have grown more slowly, so unit labour costs have fallen.
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