Fresh Produce Price Inflation Declines in September

Produce prices are deflating, much to the relief of U.S. consumers’ wallets. And a decline in fresh fruit and vegetable prices is helping to moderate prices for other food and drink, as well. The report, released by Information Resources Inc. (IRI), tracked retail food and beverage inflation.

The data revealed that in September 2022, food and beverage prices increased 1% compared to August. Though prices remain significantly elevated, the minimal increase last month indicates a moderating effect driven by year-over-year deflation in store perimeter categories (like produce and deli).

Review key insights from the report, including overall food and beverage price changes here.