In Good News for U.S. Consumers, Some Grocery Prices are Dipping for the First Time Since 2020
November 18, 2024 | 2 min to read
Grocery prices have strained household budgets, prompting many Americans to prioritize the economy and inflation in their upcoming votes for the November 5 election. However, there are hopeful signs as food prices fell slightly in October, marking the first decline in four years. Specifically, online grocery prices decreased by 0.1%, the first drop since January 2020, according to Adobe's Digital Price Index, which tracks prices from retailers like Walmart and Whole Foods.
Grocery prices continue to eat a hole in household budgets, with many Americans citing the economy and inflation as top issues behind their votes in the November 5 election. But there are signs that consumers may soon get a break on their grocery bills, with some food prices falling in October from a year earlier — the first decline in four years.
Online grocery prices dipped 0.1% in October from a year — that marks the first dip since January 2020, before the pandemic shuttered the U.S. economy and sent inflation soaring, according to new data from Adobe’s Adobe Digital Price Index (DPI), which tracks online prices.
Online grocery prices represent what consumers pay when they order food from retailers such as Walmart, Whole Foods and others through apps or websites.
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