Grocery shoppers felt a slight reprieve this spring as grocery prices fell after a run of increases spanning back to September 2020.
So far this summer, grocery prices have remained relatively steady, according to Bureau of Labor Statistics data.
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In July, prices inflated by 0.3% compared to June, and were up 3.6% from July 2022. Urban prices have fallen in many grocery categories, including eggs, meats, vegetables, grains, and dairy products. Overall inflation is cooling as well after a series of interest rate hikes by the Fed to temper the record inflation plaguing Americans over the past two years.
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While costs remain high overall, the decreases mean dollars can stretch a bit further at the grocery store.
Stacker used monthly Bureau of Labor Statistics data to find the grocery items that experienced the largest price decreases in July, using year-over-year changes as a tiebreaker where needed. Stacker excluded some hyper-specific meat categories in order to better understand grocery price fluctuations more broadly.
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#11. Grapefruit (per lb.)
- One-month decrease in cost: -0.1%
- Annual change in cost: Not available
- July 2023 cost: $1.59
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#10. Chocolate chip cookies (per lb.)
- One-month decrease in cost: -0.4%
- Annual change in cost: +9.4%
- July 2023 cost: $5.09
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#9. Malt beverages (per 16 oz.)
- One-month decrease in cost: -0.4%
- Annual change in cost: +3.7%
- July 2023 cost: $1.73
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#8. Whole milk (per gal.)
- One-month decrease in cost: -0.4%
- Annual change in cost: -4.5%
- July 2023 cost: $3.97
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#7. Tomatoes (per lb.)
- One-month decrease in cost: -0.8%
- Annual change in cost: +2.9%
- July 2023 cost: $1.90
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#6. Romaine lettuce (per lb.)
- One-month decrease in cost: -2.2%
- Annual change in cost: -8.8%
- July 2023 cost: $2.67
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#5. Lemons (per lb.)
- One-month decrease in cost: -2.9%
- Annual change in cost: +1.1%
- July 2023 cost: $2.16
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#4. Strawberries (per 12 oz.)
- One-month decrease in cost: -3.1%
- Annual change in cost: +9.6%
- July 2023 cost: $2.42
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#3. Spaghetti and macaroni (per lb.)
- One-month decrease in cost: -3.1%
- Annual change in cost: +5.3%
- July 2023 cost: $1.42
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#2. Whole chicken (per lb.)
- One-month decrease in cost: -3.2%
- Annual change in cost: +0.6%
- July 2023 cost: $1.89
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#1. Eggs (per doz.)
- One-month decrease in cost: -5.6%
- Annual change in cost: -28.7%
- July 2023 cost: $2.09
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