Grocery Prices are Finally Falling According to Inflation Data

Blurred Supermarket Aisle Background, Blurry Shot Of Vegetables And Fruits Department In Store. Grocery Shopping Concept. Abstract Image Of Shop With Defocused Unrecognizable Customers

Consumers can breathe a sigh of relief as grocery prices begin to fall. According to new inflation data or the latest CPI report, grocery prices retreated 0.2% from March to April. Grocery prices started their long trend upwards at the start of the pandemic, as supply chains came to a halt and inflation began to rise. As the pandemic eased, grocery prices continued to rise, caused by excessive price gouging by food and grocery giants. 

The latest CPI report shows prices finally easing. Many grocery store items have decreased in price, including ham, cheese, fish, coffee, milk, seafood, and rice. The two most significant price drops are for apples and eggs. Although the drop in grocery prices is small, it’s a welcome development among consumers patiently waiting for prices to reverse. 

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