Bureau of Labor Statistics: Food prices drop first time since 2020
The cost of putting food on the table is down. Grocery prices fell in March, which is the first decline since September 2020, according to the Bureau of Labor Statistics.
COLUMBIA, S.C. (CNN)— The cost of putting food on the table is down.
Grocery prices fell in March, which is the first decline since September 2020, according to the Bureau of Labor Statistics.
The data shows prices for eggs, poultry, and fish fell 1.4% from February to March.
Fruit and vegetable prices also dipped slightly in that time frame. Bakery items, cereals and non-alcoholic drinks were among the products that did become more expensive.
Although this month-to-month decline is a relief for consumers, grocery prices are still more expensive on an annual comparison.