Grocery Prices Continue to Decline, But USDA Predicts Rising Costs in 2021.
TL;DR Summary
Grocery prices in the US fell by 0.2% in April compared to March, according to the Bureau of Labor Statistics' (BLS) April Consumer Price Index (CPI). However, year-over-year prices are still up 7.1%. The decline was led by milk, fresh fruits, frankfurters, pork, fish and seafood, and nonalcoholic beverages. Eggs saw a 1.5% monthly decline, but prices are still 21.4% higher than last year. Food away from home, such as at restaurants and bars, saw prices rise 8.6% year-over-year in April and up 0.4% month-over-month seasonally adjusted.
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