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Wednesday 10 May 2023

The Daily Money: Grocery prices are coming down 🎉

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Meat, fish and eggs are cheaper than they were. But grocery prices are still up from this time last year. Tips on how to save money at the register.
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed May 10 2023

 
Here's why egg and other food prices are soaring across the US

From eggs to butter, grocery prices are still on the rise in 2023. Here's what that means for the U.S. economy.

Just the FAQs, USA TODAY

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."

Wholesale Clubs

Need help saving money on groceries? USA TODAY has you covered.

Reviewed/Sam's Club/Walmart/Kroger/Costco/Getty/gahsoon/PixelsEffect

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? USA TODAY has you covered.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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