Grocery prices are coming down (even eggs!). So why is my grocery bill still so high?
Inflation slowed for a tenth straight month in April. And that included grocery prices which declined for the second straight month.
Meat, poultry, fish and eggs – EGGS! – are cheaper than they were. What a relief, right?
Yes, but grocery prices are still up from this time last year. And the cost of eating when you're not at home has gone up, too.
If you look over the last year or so, we've been telling people we expect as you get further during the year, inflation will continue to decline year-on-year," Kroger CEO Rodney McMullen told Good Morning America. "That doesn't mean it will go down a lot but the rate of increases will slow down.”
FMI’s national survey shows “persistent consumer concern about food and beverage prices,” according to Leslie Sarasin, CEO of FMI. "To address higher prices, shoppers are visiting more stores and seeking deals to stretch their dollars but are now less likely to cut back on the number of items purchased compared to six months or a year ago.”
Need some help saving on groceries? Paste BN has you covered.
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Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.