Grocery Prices in April 2024
Grocery prices fell in April for the first time in 12 months, with food-at-home prices dropping by 0.2 percent. Despite this, grocery prices are up just 1.1 percent over the past year, growing slower than the overall annual inflation rate of 3.4 percent.
Key Points
- Grocery prices fell 0.2% in April, the first drop in 12 months
- Prices grew slower than overall inflation rate of 3.4%
- Housing and gas prices were key drivers behind April's rise in consumer prices