Posted 12/16/2023, 7:29:00 PM
Grocery Prices Drop on Eggs, Meat and More After Years of High Inflation
- Prices fell on some grocery items like eggs, meats, produce, grains, and dairy after over 2 years of inflation
- Overall inflation is cooling after Fed interest rate hikes to address high costs
- Top grocery items with the largest monthly price drops in the South are cheddar cheese, ham, chips, cheese, and beef
- Wine, dried beans, ground beef, potato chips, and bananas also saw declines from 1.2% to 0.8%
- Despite drops, annual price changes remain positive on most items, meaning costs are still up year-over-year