Grocery store food prices increased 1.3% from September 2023 to September 2024.[1] That was less than the increase of 2.4% for commodities such as gasoline, utilities, consumer goods, apparel, medical services. It was also lower than the 2% FED inflation target, which is a long-term inflation target that aims to foster stable economic development.
However, you may have deeply felt price changes depending on the meals you’re putting on your table.
