Food prices overall fell a seasonally adjusted 0.4% in July, the first decrease since April of last year, the Bureau of Labor Statistics reported Wednesday. Prices of food for the home fell 1.1% in July, compared to an increase of 0.7% in June. Grocery costs have been rising during the pandemic as demand has surged. Although there's been no shortage in food, supply chain failures have tightened the supply of items reaching stores, which has driven up prices. Meat is finally getting cheaper.
Production slowed and prices soared. Instacart partners with Walmart to compete with AmazonFrom April to May, beef and veal prices rose 10.8%. Uncooked beef steak prices jumped 11.6%. Pork chops prices went up 8.4%. Hot dogs got 1.6% more expensive. From May to June, beef and veal prices rose 4.8%. Uncooked beef steak prices went up 5.1%, and pork chops got 4.3% more expensive. Hot dog prices spiked 4.9%. The meat sector is still not completely back to normal.
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Where is it that's causing these items to trend down? I need to shop there, because in the mid south prices for meat, fish, and milk are higher than I've ever paid.
Well to be fair, you buy a roast to feed 6+ people and we stopped having gatherings.
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