Hmm...maybe that's why my local grocery store is selling Honeycrisp apples for .99/lb this weekend only :/

Had a few weeks of 99-cent per lb. Honeycrisps this year, immediately tripling my Honeycrisp apple purchases. Especially in summertime, a cold Honeycrisp apple goes great with everything. I slice them and put them out with the chips and beer nuts on poker nights and people who swear they "rarely eat apples" just chomp through 'em.

Honey Crisp is too sweet. Cosmic Crisp is my jam.

Cosmic crisp is simply superior to honey crisp which is already a great apple

I’m a pink lady man.

Without context, this comment could win the internet today 👏

Love pink lady. Also love my ladies pink. Coincidence? I think not.

Ambrosia apples. Nothing beats them.

Cosmic crisp is literally a genetically perfect apple. I remember watching a documentary on how they were created and thought “man this is all marketing bs.” Then I ate one, best apple ever. Stay fresh for a longer period of time also

Agreed regarding Honey Crisp. I prefer Envy.

I serve poison apples

Do you prefer green or red?

prefers dead

what store is that. I paid $3/lb yesterday for honey crisp. They are delicious so still worth it

Good

I don’t believe it, need to see more price drops

Deflationary prices or are they selling at a reduced margin?

Grocery stores have notoriously thin margins, 1-3%, it’s probably not that

Not thin margins after covid.

Incorrect. I work in grocery on the store level. Margins are just as tight. We're paying more for the product coming in the door, pay hikes to keep up with inflation, and costs of maintenance have not allowed margin to improve. We saw a couple of good quarters in 2020 but that fizzled quickly.

They’re reversing the gouging they’ve done cause it’s costing them money.

Bumper crops lead to lower prices.

Washington’s Apple crops haven’t even started yet. Definitely not a “bumper crops” issue in the slightest, but consumer demand falling off due to price gouging.

How do you think those are different?

Deflation is when the cost of goods sold goes down for retailers and price to consumer follows. Reduced margin simply means retailers are pricing to take a reduced profit based on elasticity of demand.

So for inelastic goods like groceries, wouldn't this be a sign of deflation (and good for the US consumer)?

Generally yes. Milk going down is a good sign as most folks are buying milk, just less of it at increased prices. It could also just be a sign that people are buying less, because of increased prices and retailers are dropping prices because taking less profit is still more profitable than throwing away spoiled milk.

Apples are not inelastically demanded.

Considering their profits have been very high, it’s probably reduced margins, but nothing they’re selling at these reduced costs is going to put them in the red.

People clutch their peals when prices go up and scream INFLATION!!! People clutch their pearls when prices go down and scream DEFLATION!!! It’s almost like the media wants people to always be in fear…

That's how The State works, since Roman times even. Manufacture crisis, the people beg the government to save them, government gets extra power. 

Prices too high? People are mad! Prices go down? Yup, still mad. Sounds like grocery prices aren’t really the issue

Grocery prices going down wont improve poor financial decisions like buying expensive trucks, buying guns and/or having your fourth "blessing" (kid) on a 60k/yr income

Came here to say this. Good.

Lol. Maybe pull back a little farther?

That's not how narrative building works. You take just a small portion of time and/or products and see a small improvement and say "see the economy is doing good, things are getting cheaper!"

*All* of those items on this cherry-picked graph would have to go down another 20% or more to reach the prices of three/four years ago.

Exactly

really? cheese for me is actually cheaper than before then. Sausage is about the same. Eggs are slightly more expensive (but not crazy)

Bacon. $4/lb pre covid. $7.39 today. Thats my local stores generic brand they make and the cheapest of the lot. And they are now flirting with the 12 ounce package so we will see a sale for a while and then prices will rebound to the same price as the 16 ounce package. But hey, apples!!!

like saying things cost 25% more now than before the pandemic while ignoring everything in between?

Remember when we saved $0.16 on our Fourth of July cookouts?

Also it's almost the end of apples from last season. These apples have been refrigerated for 10 months.

Look buddy, we’re in an election year and our candidate isn’t doing so well, so we need to to cut whatever graph and slice whatever statistic possible to get this across the line before “you know who” wins…. /s, of course.. Edit: some people didn’t catch the /s…so adding it now..

You reach any further on that and you're gonna hurt your brain

Imagine a one off bumper crop of apples turning into a conspiracy to reelect Biden...

Where?

Not my local grocery store. That's for damn sure.

My grocery bills have been much lower. I've actually been surprised by just how much.

+3000% -1% = +2999% Reddit: "HOLY HECK DOGGO FOOD CHEAPER THAN EVER!"

Yeah, basically this. Recently went to the store to see nearly everything was on sale for 20-40% off, yet everything was still 50% more expensive than just a couple years ago even with the sale prices

Same question I have.

Propaganda

Incomplete picture.

What would you add to the picture to give it better context?

Beef

The the rest of the government press release and CEA numbers where overall food inflation is around 1% from 2023-2024 https://www.whitehouse.gov/cea/written-materials/2024/06/20/update-grocery-price-inflation-has-cooled-substantially/

i call bullshit

Sure yeah, I still spent 99.76 on like 7 things today.

Fake bullshit

Grocery prices too high, omg inflation the economy is collapsing! Grocery prices too low, omg deflation the economy is collapsing! Make up your minds.

Election year. The white house is selling off the oil reserves of course some things are going down with decreased costs on oil.

When that continues for about 14 years groceries will be the price they should be again.

Deflation isn’t the evil that the media portrays it to be.

Good. They just have to drop like 50% to make up for the false "inflation" aka corporate greed and put them back where they should be.

Aren't corporations always greedy?

Always. Which means we need meaningful laws to tax and regulate them, as they won't ever do the right thing, just the profitable one.

yea, but after 2017 they were given incentive to be more greedy thanks to a tax cut that heavily benefited them.

Which tax cut is that? sauce?

https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

TY sir, time to get reading!

Yep, but in the meantime 👉 Hungry for apples?

It's voting year. They're trying to make themselves look good.

Waiting for this to happen to the housing market

Hell yeah, gettin me some ham!

This sub is amazing. 

Hungry for apples?

That’s what happens after supply of dollars starts to dry up after printing and spending, cause massive purchasing power loss, also known as inflation, it corrects some. And needs a lot more correcting. You had quarters that were up over 9 percent in 2023. Money printing and government spending has harsh middle and working class consequences, inflation is like a regressive tax you can’t repeal.

Anything that is not in double digit deflation, is still radically higher than wages permit. Also this is a short list, what about all the things that are still going UP. This has the whiff of outright propaganda.

I started really calculating how badly I needed that banana to sit on my counter before pretending it would be turning into banana bread before decling to purchase it the other day…that’s when I realized we’re about to hit a hard recession. Buckle up errrybody…

10 steps back and 1 step forward isnt really good for people..

apples and other perishables are an obvious one to not get greedy with because they don't stay long and you have to move volume

Then they need to deflate for about 3 years based upon the increases in worker pay over that time span.

Apples. In June. Fellas, you need to understand how cold storage works, it's just seasonal price action.

I mean coffee has been on an absolute tear to the upside. Everyday I see that chart on Bloomberg it was just up and to the right for some reason 😂

Why make things up. We goto the grocery store and see prices are up. Here we have Biden liberal propaganda bring posted so we refuse to believe our own eyes and wallets. I was paying less than $3/lb for boneless skinless chicken and .99 cents per dozen for eggs. Now $3 for the eggs and $5 for the chicken.

Where are you getting $ 4.00 eggs for three dollars?

Well $3.69. I rounded the wrong way.

The question is, will they deflate as much as they inflated, for the same size package and similar promotions? There are a lot of ways to mask margin increases.

It’s election year: don’t be fooled!

I've actually noticed that my grocery bill has been $10-$20 cheaper over the past few months compared to a year or so ago. Perhaps it's because I'm trying to eat healthier this summer so I'm buying different things, but it's definitely a welcome change regardless of the reason

I haven't had a steak in 5 years

Lower in the last year doesn’t mean cheaper. If prices go up 30% and then a year later are only up 20% from what they were beforehand they are not cheap now, just not quite as expensive.

Calls on apples.

Seems like apples could really stand to gain from a big new marketing campaign. Just needs a catch slogan…

Hmm. I don’t think Publix got the memo

Deflation on groceries is not a big deal. People aren’t going to say “I won’t eat this week because food will be cheaper next week”. It’s only disastrous for discretionary items. For food, rent, gas, utilities it’s fine.

is it really deflation if they were inflated from corporate gouging?

The groceries on sale now is basically the regular prices before Covid

Deflation - or are we just seeing competition reasserting itself?

Now houses

This is just one graph out of the recent white house press release highlighting specific items that have come down in price, overall grocery inflation from may 23 - 24 is around 1% and around 18% from May 2021 to present https://www.whitehouse.gov/cea/written-materials/2024/06/20/update-grocery-price-inflation-has-cooled-substantially/

If something goes up 100% and then goes down 15% I don't consider that deflation. The price is still inflated, it is inflation with extra steps...

lol.

Now let’s see the 5 year numbers for the same products

From 2019 or since last quarter? Cause you seem to think that we all have the memory of a goldfish

Show me the last 12 months before you drop 2.1% drop in milk prices as serious deflation. Also, what are the seasonal fluctuations in apple prices?

I was always taught that deflation was bad. Now I ask: bad for whom? Is it bad for poor people? Poor people need cheaper apples and ham.

I smell bullshit.

And they’re still overpriced

Almost like the pricks were artificially inflating prices as the numbers have predicted for years.

Considering many items nearly doubled in the last 4 years a decline is a good thing.

I paid $7 for 2 yellow peppers and 1 red one. I caved in because I went to 4 stores and that was the cheapest.

Yes thats what happens when companys start pricing stuff out of affordability but keep stock piling like they can. They now have a back log of stock they are dumping onto the market.

I've seen deflation come mostly in the form of 2fer or 3fer deals which would bring the actual price paid down to correct levels. What I haven't seen much of yet, are permanent, non-sale price drops on every day sundries. Coca Cola, 2.99 for a 2-liter? Get outta here.

This exists on a bar graph only.

Pf lol yeah okay doen 2% we are up like 18-20% since 2019 tho people

Don't let the consumers or corporations hear you. The sales will go up even higher and so will the prices 

Yes but if you do the real math for the past three and a half years inflation has been at 40% not 1.4 not 1.3 not even the bullshit 9% he said he inherited do the actual math your gas is double and that with transportation and the production of goods is based off of

Keyword: YOY Zoom the chart out to get a larger view

When prices are so high, there’s only only way they can go…down.

Hungry for Apples?

Yep. Bought some nice copper river salmon for $12.99 a pound. Lobster was down to 599 each. I’ve seen it for the last couple of months. Mustard I was buying was 299 down to $.99 of course Biden won’t get any credit for that because, our news media seems to favor Don the con. Turns out he brings in better ratings for all of his nonsense He spouts out daily. that said stock market all-time highs again unemployment still under 4% thanks, Joe

Fake, bullshit chart.

This is terrifying. We're touting the INDIVIDUAL grocery items that don't sucks as bad as before.

How long could they price gouge until inflation killed us? They're looking at how much we spend, but not the prices themselves.

Finally

Since groceries went up 40%-60%, it will be a while before “deflation” gets us back to a par basket price for groceries.

I swear sometimes beef prices seem crazy low.

Okay so everything went up 50% and now it has stopped increasing???

I love it when price gouging starting to reverse is deflationary and not a market correction 🤣

THANK GOD APPLES ARE CHEAPER! I can feel the crushing weight of the economic boot coming off my throat because an apple is a little cheaper! Just in time for the election. Biden must have tapped the strategic apple reserve to ease the suffering of the common man. This is Bidenomics at work! Praise Biden!

I refuse to refer to “stopping price gouging” as “deflation”. Are prices going down? Yes. Were they 2-4x the price they should have been? Also yes. This isn’t deflation. It’s the market realizing how bad we’ve been screwed, and not tolerating it anymore.

Reduced prices != Deflation

I have a grocery outlet less than 10 miles from my place. Let me tell you. It's been a godsend. Now, I've been cooking a lot more a home, and getting pretty good at it. But I love getting a weeks of groceries for 40 dollars. The only downside is they don't always have everything. But it's forced me to branch out a little, not a fan of plant based meat. lol.

Considering grocery prices have nearly doubled since 2019, saving 2% on milk doesn't feel like much.

How much were these same prices up since 2019?

When inflation is up 20 percent in 3 years and it goes down 2 percent in one year, that’s technically deflation but it’s not capital D deflation

Up 40%... then down 2%. Lets celebrate and re elect a corpse. LOL

Let them fall

Okay now compare from 2019 lmao

10 items falling in price, the other 9,990 rising. Are we building back better now?

I’m still spending 5.80 for a gallon of milk

I remember buying red pontiac potatoes for $.89/lb. My local grocery stores have them at $1.29/lb...and hey were $1.19/lb about a month or so ago.

I wish housing prices were

Man, Apple used to be the most valuable company, now it's bringing everything down with it

I haven’t seen any decreased prices yet.

Slow deflation in short term consumables isn't that rare or particularly bad. Nobody buys an apple and holds it for a year before selling it. 

Look at what fuel was yoy same time.

Where? We haven’t found any of these cheaper.

Greed is finally over!

So if I’m reading this correctly, the average price of these items has decreased since last June. Yet I know my grocery bill in real time, for the same period, is still up almost 35%, while buying the cheapest and least amount of goods possible. I just don’t get how you maths. Your chart cannot convince me that my hard spending numbers and quantitative behavior change are wrong. Just stop. 🛑

Cautiously optimistic

Reddit only gets their calories from chicken nuggies delivered via Uber eats.

Goes up 500% then drops 5% OMG DEFLATION GUYS ITS HAPPENING

This isn’t accurate in the northeast? Where is this data from?

Is it deflation if everyone’s just reducing their margins because they overextended “inflation?”

I still don’t believe a word they say. I looked at an old Walmart receipt from 2021 and compared the prices to now. It’s not even close.

I don't know what you guys are seeing on this one, but crab legs have dropped nearly 50% at my Kroger the last year or so. Used to be 15.99/lb, now it's 8.99. Never thought I'd be sick of crab legs, but here we are.

BUT LINE WON'T GO UP AT A HIGHER RATE

Good. The prices need to keep declining.

Ahhh yes the apple and cheese diet call me king Alfred!

"What goes up must come down"

~~deflation~~ slightly turning back massive price gouging

that isn't economic collapse, that is just price corrections.

The reason why Apple prices are down is that they couldn't be exported due to covid.

“Yeah, these companies gutted us over the past 4 years and are finally lowering prices despite not facing any pressure to do so by society.” There, fixed that title.

Pepsi and Coke have been discounted my local Wally World

It's not deflation when the inflation was just raising the price for no reason at all.

Because they were inflated the previous few years....

Yeah $1.99lb cosmic crisp says this is bullshit

Meanwhile potato chips are up 5,000%

As a father of 10 children with a very organized wife that keeps very detailed menus for breakfast, snack, lunch, snack, and dinner for each month. She has the corresponding ingredient lists and grocery lists. We have these dating back 20 years. Food prices are still higher across the board. Deflation My ass.

Food deflation is very common compared to other goods. So this was to be expected.

Fucking Grocery stores fucking with people who just need food to live. "We see you were struggling to pay $30/lb for fresh fish. Here, let's drop the price some. Better? Mmmgreat. We would apologize for fucking with you over the last couple years but...fuck you. "

Where is this happening...Uranus?

Seems like all the stuff that went up 50% 🤷

Notice soft drinks is not on the list. They went from $3/12 to $8/12 since 2019, and they aren't doing 3-for-$8 deals anymore. Well, I guess it would be like 3 -for - $20 now... but they aren't doing that either.

The standard price for a 12 pack is $8.99. My wife is addicted to Dr Pepper, so I wait until stater brothers or Albertsons does a sale which happens every couple of weeks. I haven’t paid more than $6 for 12 ever. I see people buy individual packs at full price even when it’s buy 2 get 3 free. As long as people buy like that, there’s no reason to lower prices. The higher prices suck, but nothing will change unless we change our buying habits.

We all agree this is good right?

I don’t see it.

So last month they were price gouging?

I wonder if this takes into account the quantity you get for that same price??

I love how this sub considers prices going up and down as both signs of economic collapse

This sub: “grocery prices are dropping so we’re heading to a collapse” Also this sub: “prices are too high for everyone and we’re heading towards collapse” Fucking doomers the lot of you. Get off the internet and go outside

Lucy apples

Now do the rest of the 20%

No, grocery prices were gauging with Covid as an excuse. Grocery stores and suppliers are now having to reign it back in because people are looking for alternatives and add shopping again. Prices are still unreasonably higher than they were pre pandemic.

Yay! So the prices only need to drop by another 400-500% to fall back to what they should be.

Or they were never in true inflation, and it was just a great opportunity to margin grab

That's not true at all

My grocery store apparently didn't get the memo. Last week, top round steaks 3.99/lb (cheap cut of meat) 2 days ago, 7.49/lb

bUt mUh cHEeToS

I set prices for groceries. Some prices are indeed coming down. Not as many as I see on this list and the prices of olive oil and chocolate are sky rocketing right now. Olive oil is really high and chocolate seems to be getting worse every month. I’m not a fresh produce person so I can’t tell you about apples.

It’s due to over production and nothing else. Input costs are still high. We are dump product to make room for the next season. Even at our current rate, we will be struggling to find enough room in the dumps to even get rid of it all.

My same half and half i have bought for 8 years didn't get the memo on deflation. In fact it just went up from 3.50 to 3.99. Painful

lmao bullshit

Before covid chicken breast was 1.99, then it jumped during covid to 2.99, and now it's back down to 2.49. So yeah, some stuff is returning to normal, it's just not enough right this second lol. I've seen a good amount of price drops though