Grocery Prices Have Been Falling. Did You Notice?
For 19 months in a row, food prices in America's supermarkets fell compared to a year earlier. This is good news for shoppers but has weighed on the grocery industry and the people who grow our food.
Food prices in America were down for the longest period in about 60 years.
Wait, what?
It's not something that shoppers seemed to have noticed much.
"Are you serious? Really?" says Michelle German, holding a bag of groceries and wine at a Harris Teeter store in Washington, D.C. "I just spent about $40 dollars on four items and I'm like, wait, how did I spend that much money?"
But a number of foods — over the course of 2016 and into 2017. For 19 months straight, the U.S. government reported declines in the food consumer price index, which compares supermarket prices with what they were a year earlier.
