Posted 12/12/2023, 6:10:00 PM
Grocery inflation eases but dining out still costly as food prices fluctuate
- Food price inflation fell below overall inflation rate for the first time since January 2022, thanks to slowing grocery prices
- Dining out remains expensive, with restaurant prices up 5.3% annually
- Frozen orange juice and beef prices rising due to weather issues and reduced cattle herds
- Some relief seen as egg and lettuce prices drop over 20% from peaks earlier this year
- Potatoes, butter, citrus fruits saw large monthly price increases; lettuce, frozen veggies fell