Grocery shoppers felt a slight reprieve this spring as grocery prices fell after a run of increases dating to September 2020.
So far since then, grocery prices have remained relatively steady, according to Bureau of Labor Statistics data. In September, prices inflated by 0.1% compared to August, and were up 2.4% from September 2022.
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Prices have fallen in many grocery categories, including eggs, meats, vegetables, grains, and dairy products. Overall inflation is cooling 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 September, 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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#10. Ham (per lb.)
- One-month decrease in cost: -0.1%
- Annual change in cost: +5.2%
- September 2023 cost: $4.56
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#9. Ground coffee (per lb.)
- One-month decrease in cost: -0.1%
- Annual change in cost: -1.4%
- September 2023 cost: $6.09
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#8. All-purpose white flour (per lb.)
- One-month decrease in cost: -0.2%
- Annual change in cost: +1.6%
- September 2023 cost: $0.57
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#7. Lemons (per lb.)
- One-month decrease in cost: -0.2%
- Annual change in cost: -0.7%
- September 2023 cost: $2.07
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#6. Cheddar cheese, natural (per lb.)
- One-month decrease in cost: -0.9%
- Annual change in cost: -3.9%
- September 2023 cost: $5.85
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#5. Bananas (per lb.)
- One-month decrease in cost: -1%
- Annual change in cost: -2.8%
- September 2023 cost: $0.63
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#4. Long-grain white rice (per lb.)
- One-month decrease in cost: -1.6%
- Annual change in cost: +4.5%
- September 2023 cost: $0.98
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#3. Tomatoes (per lb.)
- One-month decrease in cost: -1.8%
- Annual change in cost: -3%
- September 2023 cost: $1.84
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#2. Whole chicken (per lb.)
- One-month decrease in cost: -2.9%
- Annual change in cost: +0.5%
- September 2023 cost: $1.90
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#1. White potatoes (per lb.)
- One-month decrease in cost: -4.3%
- Annual change in cost: +2.7%
- September 2023 cost: $1.05
Data reporting by Paxtyn Merten.
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