5 Grocery Items That Have Seen the Biggest Price Drops This Summer
Even with inflation getting under control and food prices not rising as rapidly as they were in previous years, that weekly grocery bill is still a heavy burden for many. In fact, some families are taking on debt just to cover this essential cost.
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But it’s not all bad news: Some grocery items are actually seeing price decreases this summer.
In a new study, LendingTree reviewed U.S. Department of Agriculture (USDA) and Bureau of Labor Statistics (BLS) data on the cost of hundreds of food items, including dairy, dry pantry items, eggs, fruits, meats, onions and potatoes and vegetables. From there, LendingTree found which grocery items saw the largest decreases in price between June and July of this year.
There are the five grocery items that have seen the biggest price drops this summer — and some with prices that have shot up.
Apricots, Chicken and More Saw Price Drops
D’Anjou pears: Down 45.5% or $0.66, to $0.79 per pound
Apricots: Down 47.8% or $1.81, to $1.98 per pound
Swiss chard: Down 49.7% or $1.48, to $1.50 per bunch
Chayote: Down 51.8% or $0.72, to $0.67 per pound
Rotisserie chicken leg quarter: Down 69.3% or $4.16, to $1.84 per pound
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But Some Grocery Items Surged in Price
Though some grocery items saw moderate to significant price reductions, there have also been items that saw notable increases in price.
Honeycrisp apples: Up 112.4% or $2.08, to $3.93 per two-pound bag
Organic cherry tomatoes: Up 159.3% or $2.39, to $3.89 per 10-ounce package
Organic cherry tomatoes: Up 172.0% or $3.44, to $5.44 per pint
Chicken party wings (quick frozen): Up 189.1% or $5.03, to $7.69 per pound
Chinese cabbage: Up 228.2% or $0.89, to $1.28 per pound
Remember, you can save money on seasonal produce by shopping at local farmers markets. Frozen chicken party wings could cost you less if you buy in bulk from stores like Costco. You can get the Kirkland Signature Chicken Party Wings for $2.59 per pound — substantially less than the data’s findings of $7.69 per pound.
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