What Is the Cheapest Grocery Store? (2023)

Budgeting

12 Min Read | May 9, 2022

What Is the Cheapest Grocery Store? (1)

By Rachel Cruze

What Is the Cheapest Grocery Store? (2)

What Is the Cheapest Grocery Store? (3)

By Rachel Cruze

If you feel like your grocery bill has gone up lately, you’re not alone. Since 2020, groceries have risen big time. Prices on chicken, fish and eggs have jumped eight percent, and the price of beef has blown up twelve percent—in just one year!1 Whoa. That can take a huge chunk out of your monthly budget. The good news is you can find budget-friendly grocery store options near you with my list of the top 10 cheapest grocery stores in America.

What Is the Cheapest Grocery Store?

The results are in, and according to Dunnhumby’s 2020 Retailer Preference Index: U.S. Grocery Channel Edition, Aldi wins first place for the cheapest grocery store!2

(Video) The 10 Cheapest Grocery Stores

The top spot is a big deal for Aldi because competition among grocers is intense. They are throwing punches for as much as they can get of a $700 billion grocery industry.

Let’s look at how each one ranks and see how they compete for space in your budget. Then we’ll dive into the best things to buy at each store.

Try our free Meal Planner to save money on groceries!

Jump to the Cheapest Grocery Stores:
1. Aldi
2. Market Basket
3. WinCo Foods
4. Lidl
5. Trader Joe’s
6. Costco
7. Walmart
8. Food 4 Less
9. H-E-B
10. Sam’s Club

1. Aldi

Want the best deal ever? Grab a quarter (you’ll need it to rent a shopping cart) and head to Aldi!

How They Keep Costs Low

Originally from Germany, Aldi is famous for their ruthless cost-cutting strategies, like expecting customers to perform tasks typically assigned to employees. Remember how they rent out their shopping carts? That means Aldi doesn’t have to pay staff to collect them. And if you forget to bring your own bags, you’ll have to pay for paper or plastic—or go without. That’s right, you’ll bag your own groceries at Aldi. These cost-cutting inconveniences might seem weird at other chains, but Aldi shoppers don’t seem to mind. Probably because it is, in fact, the cheapest grocery store—and we all love saving money.

Best Things to Buy

My favorite things at Aldi are baking supplies, fresh produce, wine, chocolate, cheese and of course canned goods—which can be as low as $0.65 per can.

Pro tip: Aldi's meat specials are on Wednesdays, but they run out fast! Go early to get better cuts of meat for crazy cheap.

2. Market Basket

Market Basket is a New England supermarket with a more than 100-year legacy. It turns out they’re budget-friendly and people-friendly—Consumer Reports gives the regional chain high marks for customer satisfaction.3 And bonus: It comes in second place for the cheapest grocery store!

How They Keep Costs Low

How does Market Basket achieve their “More for Your Dollar” tag line? They run their business debt-free. Way to go, Market Basket. I’m so proud. That means they don’t have to increase the price of their goods to cover any interest on debt! Plus, they have a much smaller corporate staff than other grocery chains of similar size. And last, they stock all their stores with almost the same products, meaning they streamline purchasing for their stores and pass on the savings to the customer.

Best Things to Buy

If you go to Market Basket, you have to try the local New England goods. Check out Rhode Island clams, maple syrup, and their unique regional produce like apples from Maine and pears from New Hampshire.

3. WinCo Foods

With an average footprint of 90,000 square feet, employee-owned WinCo Foods is a physically huge grocery store with massive bulk sections. But unlike their warehouse cousins Sam’s Club and Costco, they don’t require memberships. Anyone can shop there!

How They Keep Costs Low

WinCo Foods doesn’t accept credit cards (awesome!), employ baggers, or spend a dime on advertising. The Idaho-based chain passes on those savings to you, and their strategy seems to be working since they are at 134 stores and growing.

Best Things to Buy

I know you’re on the hunt for the cheapest grocery stores. Next time you’re in the Pacific Northwest, check out WinCo Foods for their rock-bottom prices on bulk and organics. You won’t be sorry!

4. Lidl

Lidl (rhymes with like beetle, not idle) wants to be your favorite affordable, high-quality grocery store. They don’t only sell grocery goods—you also can find small kitchen appliances, gardening stuff, toys and even power tools at this East Coast chain.

The Cruze family can get a 16.4-ounce pepperoni pizza at Lidl for just $4.39. That’s a pretty good deal!

How They Keep Costs Low

Lidl made the cheapest grocery store list with their intentional efficiency standards. Their stores are designed to get shoppers in and out quickly—meaning they can sell more products to more shoppers. And they eliminate “any unnecessary costs,” like paying employees to unpack produce. Instead, they just put a new box of produce on the stand, saving the cost of paying employees to stock products item by item.4

Best Things to Buy

Good news for families trying to eat healthy on a budget: Lidl has a reputation for top-shelf produce. They also have a crazy good spice rack–I’m talking $0.55 for onion powder, cinnamon and more. And if you shop for certified seafood, Lidl products are good for the planet and good for your budget all at the same time.

Pro tip: If there’s a Lidl near you, visit one of their more than 100 stores on the weekend, when their “super deals” come out. Budget-savvy shoppers know the most important part of stretching your groceries is to meal plan, so check out their myLidl app to find great sales ahead of time.

(Video) What's the Cheapest Grocery Store?? | Philly Suburbs Edition

5. Trader Joe’s

If you combined a convenience store, a produce stand, and an international market into a nautical-themed grocery store, you’d get a Trader Joe’s! This petite grocery store is more than just a store to its followers—shopping there is an adventure. TJ’s is where kids push adorable pint-sized carts, and shipmates (that’s seriously what they call their employees) sport colorful Hawaiian shirts. Not a bad uniform if you ask me!

How They Keep Costs Low

How did Trader Joe’s make the cheapest grocery store list? Most of their products are store brand, so they can say yes to low prices and no to the middleman. They also put supplier shelving fees on the chopping block, and in exchange, vendors provide their merchandise at a discount. And they don’t do coupons—ever. Yes, I’m tearing up a little bit on the inside. But there is good news: Everything is always priced as low as possible.5

Best Things to Buy

What are the best things to buy at Trader Joe’s? Well, they win in the weird food category, that’s for sure. Ahem—Trader Joe’s calls weird food their unique product offerings. Either way, if you’re looking for honey roasted pumpkin ravioli, sweet cinnamon-filled Korean pancakes, or vegan chickpea masala salad (whatever that is), Trader Joe’s has you covered. Why not take TJ’s up on their adventurous product invitations, and pair some new-to-you food with my romantic dinner ideas for your next date night?

6. Costco

Get ready, guys, because we’re going to the most magical place on earth—Costco! I use my Costco membership every week thanks to all the wonderful things they offer. Be careful—it’s easy to run in for water and come out with a charcuterie board, ten gallons of milk, and a patio set. Trust me.

How They Keep Costs Low

Costco is on a never-ending quest for efficiency. And have you ever seen a Costco commercial? Nope! They do almost no traditional advertising, passing the savings on to customers. They don’t hire workers to unpack boxes, either. If you’ve been to a Costco warehouse, you know that products are purchased in bulk and placed directly on warehouse floors with little attention paid to how the store actually looks. Costco also offsets prices with its membership fee, which ranges from $60–120.

Best Things to Buy

Because you’re buying in bulk, this is one of those places where you can save a lot. Plus, their Kirkland Signature brand is a great way to save—and still enjoy the quality of your favorite name brands. Kirkland’s cranberry juice is made by Ocean Spray. Kirkland’s coffee? Made by Starbucks. And their diapers (all the moms say amen) are by Huggies, but by shopping at Costco, you save $10 a box!

And at Christmastime, did you know you can even buy real American Girl dolls at a discount? (I know that’s not in the grocery budget—I just think it’s pretty cool.)

I’m going to close my Costco love letter with a mention of their food court. They may be famous for their $1.50 hot dogs, but the unsung hero is their hot and delicious 18-inch pizza for lunch for just $9.95. You’re welcome.

7. Walmart

Walmart is the world’s largest retailer, known for massive stores, large selections, and most of all, low prices. It’s nice that Super Walmart is a one-stop shop, so you get your lawn stuff, clothes, jewelry, gift items and groceries all in the same place. Or maybe it’s not so nice, since my $5 pizza trips turn into $40 toy trips.

How They Keep Costs Low

Walmart made the history books in 1950 when Sam Walton first began rolling back prices at Walton’s 5&10. Today, thanks to its huge global footprint, Walmart can get lower prices from their vendors, then pass those savings on to customers.6

Best Things to Buy

Walmart is known for the basics—pantry staples, toiletries, laundry detergents and cleaning supplies. And even though I personally tend to eat like a 5-year-old, you healthy eaters will be happy to know Walmart now has organic, keto and gluten-free items.

8. Food 4 Less

Food 4 Less is an affordable grocery chain (you knew that already—it made the cheapest grocery store list!) scattered throughout the West Coast. When you visit a bright yellow Food 4 Less, you could be going into an independent store or one operated by Kroger. Not only are they budget-friendly, but some also have Mexican-style carniceria meat departments. A Mexican deli? Take all my dinero!

How They Keep Costs Low

Expect to bag your own groceries. Food 4 Less is a warehouse-style supermarket, where efficiency is king.

Best Things to Buy

Shop at Food 4 Less for your basic grocery, health and beauty items. I also hear they have a surprisingly affordable organic produce section and wide selection of gluten-free items!

9. H-E-B

Texas lovers, this one’s for you! With more than 420 stores in Texas and Mexico, grocery giant H-E-B will hand you a tortilla to snack on while you shop. (Winston, pack the kids, we’re moving to Texas.) The store that’s been serving Texans since 1905 has captured the hearts, minds and wallets of residents of the Lone Star State with its proud, Don’t Mess With Texas products.7

How They Keep Costs Low

H-E-B tells customers they’re “relentlessly dissatisfied with the present” and always looking for ways to offer products at better prices.8 The Texan supermarket emphasizes local foods, so they cut down on transportation costs.

(Video) 10 GROCERY SHOPPING HACKS That Will Save You Money!

Best Things to Buy

H-E-B sells the Texas way of life through their Totally Texas regional products. Put on your boots and head to an H-E-B for Whataburger sauces, San Antonio’s Cafe Olé coffee, Clint’s Texas Salsa, and just about anything you can imagine in the shape of the state of Texas. Not kidding!

Fun fact: If Texas were a country, it would have the 10th largest economy in the world. So don’t mess with Texas’ beloved grocery store, H-E-B!

10. Sam’s Club

Sam’s Club is Walmart’s version of Costco. Even if you’ve never been to America’s eighth-largest retailer, you wouldn’t be surprised to see that it sells most of its goods in bulk and off pallets. And what’s not to love about their endless free samples?

How They Keep Costs Low

If you’re a Sam’s Club fan, you’re familiar with their cost-cutting strategies like buying in bulk, membership fees, and leveraging their vendor relationships with sister company, Walmart.

Best Things to Buy

Some things my friends love to buy in bulk at Sam’s Club are vitamins, protein bars, toilet paper (even before the pandemic!) and their Extreme Value Gift Cards. Have you seen these? You can purchase a $100 value gift card for just $75 at Sam’s Club. Hello, teacher gifts! Sam’s Club will load you up with more than just grocery items though—try booking flights, cruises and hotels through Sam’s Club Travel.

Trying to get in and out fast? Sam’s Club is one of the only grocery stores with a Scan and Go App, which lets you ring up your own goods right in the cart so you can bypass the checkout lane entirely.

Get More From Your Grocery Budget Anywhere You Shop

Where do people overspend the most?

Food.

It’s no wonder everyone wants to know which grocery store is the cheapest.

Yeah, I’ve been there—but it’s not just where you shop that determines if you’re in control of your money. It’s how you shop. That’s why I made my brand-new Meal Planner & Grocery Savings Guide. This is exactly how my family keeps our groceries under control every week. I wasn’t always a good meal planner (just ask my Chick-fil-A down the street if you don’t believe me), but I’ve learned how to save time and money while getting rid of stress—and now you can too.

My will help you save time and money because:

  • It includes a digital and printable grocery list and meal calendar.
  • Being organized will take the stress out of last-minute dinner decisions.
  • Planning ahead will let you take advantage of apps, store sales and coupons.
  • You won’t be tempted to blow the budget at the drive-thru.
  • You’ll take back control of your grocery budget.

What are you waiting for? Get started right now with your Meal Planner & Grocery Savings Guide!

Take the stress out of grocery shopping!

I’ll walk you through scheduling out your breakfast, lunch, dinner and snacks for each day, step by step, so you can easily create your grocery list from there.

Get The Guide

About the author

Rachel Cruze

Rachel Cruze is a #1 New York Times bestselling author, financial expert, and host of The Rachel Cruze Show. Rachel writes and speaks on personal finances, budgeting, investing and money trends. As a co-host of The Ramsey Show, America’s second-largest talk radio show, Rachel reaches 18 million weekly listeners with her personal finance advice. She has appeared on Good Morning America and Fox News and has been featured in publications such as Time, Real Simple and Women’s Health magazines. Through her shows, books, syndicated columns and speaking events, Rachel shares fun, practical ways to take control of your money and create a life you love. Learn More.

(Video) GROCERY SHOPPING ON A BUDGET

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FAQs

Who is the cheapest supermarket 2022? ›

Latest research by trade magazine The Grocer (opens in new tab) reveals that discount retailer Lidl is the cheapest supermarket for everyday groceries, with Aldi a close second.
...
Overall, the supermarkets were ranked as follows from cheapest to the most expensive:
  • Lidl.
  • Aldi.
  • Asda.
  • Sainsbury's.
  • Tesco.
  • Morrisons.
  • Waitrose.
12 Sept 2022

What is the most cost efficient grocery store? ›

The good news is you can find budget-friendly grocery store options near you with my list of the top 10 cheapest grocery stores in America.
...
  1. Aldi. Want the best deal ever? ...
  2. Market Basket. ...
  3. WinCo Foods. ...
  4. Lidl. ...
  5. Trader Joe's. ...
  6. Costco. ...
  7. Walmart. ...
  8. Food 4 Less.
9 May 2022

How are prices determined in a grocery store? ›

Prices are set by either retail category managers or pricing analysts according to their category role (competitive, destination, innovation, etc.), market intel, demand elasticity and the corresponding gross margins and sales targets.

How does supermarket persuade you to spend more money? ›

Supermarkets spur impulse buys of everything from candy bars and full-calorie soda to hand sanitizer and gift cards by displaying them at checkout, where customers must stand in line. Checkout boosts sales so much that manufacturers pay big money to get retailers to place their products there.

Is there a grocery shortage 2022? ›

It looks like food shortages have continued into 2022. This is what might be causing the issue. After some signs of a slow and cautious return to pre-pandemic normalcy last year, 2022 is looking remarkably like fall 2020—and that means supply issues at grocery stores.

Which supermarket has the best sales? ›

Top 50 food and grocery retailers by sales
1 RANK1Walmart1 COMPANY Walmart18.53 % CHANGE8.53
2 RANK2Amazon2 COMPANY Amazon243.42 % CHANGE43.42
3 RANK3Kroger3 COMPANY Kroger38.4 % CHANGE8.4
4 RANK4Costco4 COMPANY Costco49.3 % CHANGE9.3
5 RANK5Walgreens Boots Alliance5 COMPANY Walgreens Boots Alliance53 % CHANGE3
28 more rows
6 Jul 2021

How do you store groceries for cheap? ›

10 Expert Tips for Grocery Shopping on a Budget
  1. Shop for nonperishable items online. ...
  2. Buy perishable foods in quantities you'll use. ...
  3. Buy fresh fruits and vegetables in season. ...
  4. Buy meat and cereals in bulk. ...
  5. Be an informed shopper. ...
  6. Limit your purchase of ready-prepared foods. ...
  7. Clip coupons with caution.
11 Nov 2020

Is Walmart really cheaper for groceries? ›

“But in general, most shoppers will find that groceries at Walmart can cost less overall, even for higher-end brands that will cost significantly more elsewhere, which means if you're on a tighter budget, grocery shopping at Walmart can help you ensure your dollar goes further.”

Is Costco cheaper than Walmart? ›

Costco is known for its ultra-low prices on bulk items. But Walmart offers really low prices, too. As such, it's very hard to say which of the two stores offers the best deals, because often, that will boil down to the specific things you're looking for.

Who sets prices in a store? ›

The two departments that determine the price for a product or service are marketing and accounting, with the two working together to help executive management make its final decision.

How do you pick a price? ›

Seven ways to price your product
  1. Know the market. ...
  2. Deciding your pricing objectives. ...
  3. Work out your costs. ...
  4. Consider cost-plus pricing. ...
  5. Set a value-based price. ...
  6. Think about other factors. ...
  7. Stay on your toes.

What factors affect prices? ›

Four Major Market Factors That Affect Price
  • Costs and Expenses.
  • Supply and Demand.
  • Consumer Perceptions.
  • Competition.

What are the three most important things you want from a grocery store? ›

Generic products.
  • Fruits and Vegetables. For most of us, a grocery store is the most convenient place to buy fresh produce such as fruits and vegetables. ...
  • Pantry Staples. We all need staples such as cereal, bread, milk and eggs. ...
  • Meat and Seafood. ...
  • Frozen Foods. ...
  • Generic Products.
9 Jan 2020

How do stores trick you? ›

17 Clever Ways Stores Deceive You Into Spending More Money
  • Bulk buying deals. ...
  • Large shopping carts. ...
  • "Buy one, get one 50 percent off" offers. ...
  • Placing expensive items at eye-level. ...
  • Strategically stocked end caps. ...
  • Deceptive dressing rooms. ...
  • Placing essential items at the back of the store.
19 Mar 2020

What do customers look for in a supermarket? ›

Customers are looking for a clean and well-organized store with all the products they need. If something is out-of-stock or not where it should be, that can really affect how customers view the store. Appearance is another key factor that customers consider when judging the quality of a supermarket.

What should I stock up on now? ›

What to Always Keep in Your Pantry
  • Peanut butter. A great source of energy, peanut butter is chock-full of healthful fats and protein. ...
  • Whole-wheat crackers. ...
  • Nuts and trail mixes. ...
  • Cereal. ...
  • Granola bars and power bars. ...
  • Dried fruits, such as apricots and raisins. ...
  • Canned tuna, salmon, chicken, or turkey. ...
  • Canned soups and chili.
19 May 2022

What should I stock up on now 2022? ›

If you are wondering what food to buy before inflation hits more, some of the best food items to stockpile include:
  • Peanut butter.
  • Pasta.
  • Canned tomatoes.
  • Baking goods – flour, sugar, yeast, etc.
  • Cooking oils.
  • Canned vegetables and fruits.
  • Applesauce.
12 Feb 2022

What should I stock up on in case of food shortage? ›

My Top 10 Foods to Stock Up on Now to Prepare for Food Shortage
  • Legumes: Beans and Lentils.
  • Rice (and Other Whole Grains?)
  • Basic Meats That Matter.
  • Salt.
  • Healthy Fats and Oils.
  • Don't Forget the Flavor.
  • Shelf-Stable Protein Beyond the Meat.
  • The Trifecta of Nuts.

What is the number 1 supermarket in the US? ›

The FoodIndustry.Com list of the top 10 grocery chains in the US by revenue – 2021. 1. WALMART INC. Walmart once again top our list for the leader in grocery sales (it accounted for more than one-quarter of all grocery revenues in the United States) with FY2022 sales of $467 billion.

What day is the least busy at grocery stores? ›

Avoid weekends: Without a doubt, weekends are the busiest days to shop, with Saturday leading the list. Mondays and Tuesdays are the least busy but stores may be out of a lot of items, especially if sales start on Wednesday. 7.

What is the best day of the week to grocery shop? ›

The cheapest day to shop for groceries

While specific days of the week are best for saving on specific items, the best overall shopping days are Wednesday and Thursday. Bread and beer are typically marked down on Wednesdays, and snacks are often cheapest on Thursdays, according to shopping experts.

How can I cut my grocery bill in half? ›

Buy in bulk

This will cut down your trips to the grocery and will often save as much as 50 percent of the unit cost. Reorganize your kitchen and pantry. Find places outside of kitchen to store dry and canned goods. Repackage large amounts into small units.

Is it cheaper to grocery shop daily? ›

Despite what you might think, daily grocery shopping has actually helped me cut down on my monthly food budget. I don't live in the city anymore, and I'm now shopping for a household of three, but I still haven't reverted back to my old ways.

How can I keep my grocery bill under $30 a week? ›

  1. Start by figuring out how much you spend. Do you know exactly how much you spent on groceries last month? ...
  2. Plan your meals out and make a list. Before heading to the store, think about all the meals you want to prepare for the week and make a list of the ingredients you'll need for them. ...
  3. Stick to the basics. ...
  4. Go cash only.
13 Jan 2017

Is Aldi's or Walmart cheaper? ›

Getting straight to the punch: Yes, ALDI does continue to beat Walmart on price in 2022. But, the pricing gap between the two stores has narrowed significantly in most categories, and Walmart has even moved into the lead in a couple. ALDI is still cheaper than Walmart in 2022 — but, the gap has narrowed!

Is Target or Walmart better? ›

It depends on which types of things you buy and your shopping style. Walmart is typically the most reliable for the best bargains and perks. Target offers an upgraded shopping experience and premium design-forward products that feel far more expensive than they really are.

Are groceries cheaper at Target or Walmart? ›

Starting prices for groceries at Target tend to be a bit higher, but after factoring in the 5% Target RedCard savings, they get close to the Walmart everyday low prices.
...
2. Walmart vs. Target food prices: grocery prices are a tie.
ProductTargetWalmart
Whole Milk, 1 gal$3.79$4.07
Eggs, 12 ct$2.08$2.83
7 more rows
23 Aug 2022

Does Costco offer discounts for seniors? ›

Unfortunately, Costco does not offer any free or discounted memberships for seniors, meaning that senior shoppers still have to pay full membership fees. The starting cost of a Costco membership is $60 per year, which gets you access to a Gold Star membership.

Is chicken cheaper at Walmart or Costco? ›

Walmart's store brand of fresh whole chickens aren't organic, but they are labeled cage free, they're also about 20 cents cheaper per pound, and you don't have to buy two, as you do at Costco.

Who is cheaper Sam's or Costco? ›

Costco has lower prices, but Sam's Club has a cheaper membership fee — here's how the two warehouse clubs stack up.

Is Aldi or Lidl cheaper 2022? ›

Ocado and Waitrose were at the bottom of the list as the most expensive supermarket. Tracking on a month by month basis, Aldi looked like it was cheaper than Lidl.

Will grocery prices go down in 2022? ›

Despite overall inflation slowing down, high prices at the grocery store remain a pain point for consumers. Food prices have risen 11.4% from August 2021 to August 2022, according to the most recent Consumer Price Index report from the Bureau of Labor Statistics. Nearly every food item is now more expensive.

What will groceries cost in 2022? ›

Researchers are predicting a five to seven per cent rise in food prices in 2022 compared to 2021.

What grocery prices are going up in 2022? ›

The prices of nearly every grocery item have ballooned over the past year, CNN reported. The cost of eggs has soared 38%, and prices for other goods have also jumped: Flour is up 22.7%, chicken 17.6%, milk 15.6%, ground beef 9.7% and bacon 9.2%. Fruits and vegetables got 9.3% more expensive.

How can I save on food costs? ›

How to save money on groceries
  1. Pay with a grocery rewards card.
  2. Sign up for the loyalty program.
  3. Clip coupons.
  4. Join a wholesale club.
  5. Go in with a list and stick to it.
  6. Buy items on sale.
  7. Avoid pre-packaged or processed items.
  8. Compare prices between stores.

Are Aldis closing in 2022? ›

Aldi is not closing stores, as a misleading headline suggested, and will continue to expand in the United States through 2022. Aldi alone opened 200 new stores in 2020 and 2021.

Is Aldi's cheaper than Walmart for groceries? ›

Getting straight to the punch: Yes, ALDI does continue to beat Walmart on price in 2022. But, the pricing gap between the two stores has narrowed significantly in most categories, and Walmart has even moved into the lead in a couple. ALDI is still cheaper than Walmart in 2022 — but, the gap has narrowed!

Is anything getting cheaper in 2022? ›

Food items that could be cheaper in 2022 include ice cream, potatoes, and canned fruit. Among the potentially cheaper items are refrigerated and frozen bakery products, whose index went down a seasonally adjusted 1.1% from October-November 2021, according to Consumer Price Index data.

Is a grocery shortage coming? ›

But many seem to forget we are still facing some of the worst food shortages and supply chain issues ever. Winter is coming, and tens of millions of Americans are already feeling the shortages and price hikes. These alarming trends are expected to continue and worsen in 2023.

What food prices are rising the most? ›

Chicken prices jumped 16.6%, while meats rose 6.7% and pork increased 6.8%. Fruits and vegetables together are up 9.4%.

Will food prices go down in 2023? ›

US – USDA released its latest report and predicts that in 2023 we will pay even more for our food. The Consumer price index reported that from June 2022 to July 2022 food prices increased 10.9 % higher than in July 2021.

Will food prices come back down? ›

“Food prices, and especially costs for food at home, continue to soar, rising at the fastest pace in more than 43 years.” Because the Federal Reserve has already taken aggressive steps to fight surging inflation, consumers expect prices will come down, eventually.

What foods have not gone up in price? ›

These reports break down how much every category of food—from baked goods to frozen fish and spices—has been affected by inflation, both month-by-month and year-over-year.
...
The 5 Foods Least Affected by Inflation
  • Tomatoes. ...
  • Cheese. ...
  • Ice Cream. ...
  • Potatoes. ...
  • Canned fish and seafood.
24 May 2022

What foods will rise in 2022? ›

After large price increases at the start of 2022, fresh fruit prices are now predicted to increase between 5 and 6 percent this year. Similarly, processed fruit and vegetable prices are predicted to increase between 4.5 and 5.5 percent.

Why are potatoes so expensive? ›

Factors contributing to the increase in potato prices include lower supply, high fuel, and increasing labor costs. The farm share of the retail price of potatoes has fluctuated between 15% and 18%in recent years.

Why is chicken so expensive? ›

"Corn is what really drives the price," said Bill Mattos, president of the California Poultry Federation. Mattos said 60% of the cost of producing chicken is in the corn feed. He said shortages and shipping issues are also factors of rising costs. "We're up 10%, some cuts maybe more," Mattos said.

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