Grocery prices at large are not going down. But there are some exceptions.
Record inflation has severely impacted fuel costs and pricing for virtually all of our everyday necessities, including weekly groceries. Many factors have contributed to the surge in pricing, including producers’ increased cost to package goods and extreme weather conditions that are destroying crops. Annually, groceries are up about 10.6% between November 2021 and 2022. The increase from October to November is more moderate, at just 0.5%.
While costs remain high overall, prices for some food items came down last month. Stacker used monthly Bureau of Labor Statistics data to find the 10 grocery items that experienced the largest price decreases in November, 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.