I noticed some rock bottom prices in the Tuesday grocery circulars, which made me wonder if grocery prices are falling. Vons advertised chicken breasts for $.97/lb, a 10-lb bag of potatoes for $1.97, 24-ounce boxes of Raisin Bran for $.99, and butter for $.99 a pack. Wow!
Plus, the circular had a $10 off coupon for a purchase of $50 or more. Guess where I am grocery shopping this week?
Have you noticed that grocery prices are falling in your neighborhood? A recent news story from the Post and Courier in Charleston, S.C., says food prices will level out this year. But a story from WalletPop says a drought in California could bump up prices, which already rose 5.5% last year. I care about grocery prices and I know you do because food spending fell 2.4% in the last quarter of 2008.