Despite February Drop Grocery Prices Remain Higher Year-Over-Year

After a small increase in grocery store food prices in January, we saw the opposite occur last month.  The Consumer Price Index for Grocery Store Prices dropped 0.3%

“Only about half of the major food categories saw decreases.”

USDA Food Price economist Ann Marie Kuhns (Coons) says the list of food that reported a drop in prices in February is a long one, including.

“We saw pork prices decline 0.7%, fish and seafood prices were down 1.2%, dairy prices were down 0.7%, we paid 0.9% less for fresh fruits and 2.1% less for fresh vegetables overall. Sugar and sweets were down 3%, and cereals and bakery products were down 0.4%.”

So, what saw an increase last month?  Beef and poultry reported some small price hikes.  Despite these decreases, food prices at the grocery store as still  0.5% higher than this time last year.

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