Grocery prices are continuing to rise—although more slowly. Here's what to know
“We still have a ways to go before we’re in that position of pre-pandemic costs of groceries—if we even ever get back to that level,” Tom Bailey, senior analyst of consumer foods with Rabobank, said prior to the release of the new inflation data.
The softer readings signal that the most severe inflation in four decades is gradually dissipating, analysts say. The disruptions in the supply chain have largely been resolved, which is helping decrease the cost of various items such as cars, shoes, furniture and sporting goods. “Items that I regularly buy that stood out to me on my last trip were eggs, juice and frozen chicken nuggets,” Auston says. “I usually buy 18-count large eggs, and those have gone up to $9 from $4.50; juice on my last trip was on sale for $5; frozen chicken nuggets that we keep on hand for days we don’t feel like cooking a big meal have gone up to $8.30 from $4.”
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