Grocery store aisle
Photo by Getty Images via Canva

Grocery shoppers may have felt a slight reprieve in March 2023 as grocery prices fell month-over-month for the first time since September 2020.

The decline was moderate, at about 0.2% since February, according to Bureau of Labor Statistics data. It certainly didn’t undo the two years of historically high inflation, and prices were still up 8.4% from March 2022. But urban prices fell in most grocery categories, including eggs, meats, fruits, vegetables, and dairy products.

Many factors have contributed to past surges in pricing, including producers’ increased cost to package goods, extreme weather conditions that destroyed crops, Russia’s invasion of Ukraine, and the lasting effects of COVID-19.

While costs remain high overall, the decreases mean dollars can stretch a bit farther at the grocery store. Stacker used monthly Bureau of Labor Statistics data to find the grocery items that experienced the largest price decreases in March, using year-over-year changes as a tiebreaker where needed. Stacker excluded some hyper-specific meat categories in order to better understand grocery price fluctuations more broadly.

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Sheila Fitzgerald // Shutterstock

#16. Ground beef (per lb.)

– One-month decrease in cost: -0.2%
– Annual change in cost: -2.8%
– March 2023 cost: $5.19Various dried beans in burlap sacks.

Peangdao // Shutterstock

#15. Dried beans (per lb.)

– One-month decrease in cost: -0.6%
– Annual change in cost: +3.8%
– March 2023 cost: $1.69

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Canva

#14. All-purpose white flour (per lb.)

– One-month decrease in cost: -0.7%
– Annual change in cost: +21.9%
– March 2023 cost: $0.55Ham on platter

Brent Hofacker // Shutterstock

#13. Ham (per lb.)

– One-month decrease in cost: -0.7%
– Annual change in cost: +7%
– March 2023 cost: $4.34Person picking up potato in supermarket

Suriyawut Suriya // Shutterstock

#12. White potatoes (per lb.)

– One-month decrease in cost: -1%
– Annual change in cost: +17.3%
– March 2023 cost: $0.97Dried macaroni noodles.

Canva

#11. Spaghetti and macaroni (per lb.)

– One-month decrease in cost: -1.4%
– Annual change in cost: +23.9%
– March 2023 cost: $1.47A whole cooked chicken with lemon slices.

Africa Studio // Shutterstock

#10. Whole chicken (per lb.)

– One-month decrease in cost: -1.4%
– Annual change in cost: +8.4%
– March 2023 cost: $1.87Bananas in a pile.

Canva

#9. Bananas (per lb.)

– One-month decrease in cost: -1.4%
– Annual change in cost: -1.6%
– March 2023 cost: $0.63A grocery shelf filled with gallons of whole milk.

The Toidi // Shutterstock

#8. Whole milk (per gal.)

– One-month decrease in cost: -1.6%
– Annual change in cost: +4.6%
– March 2023 cost: $4.10

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Canva

#7. Romaine lettuce (per lb.)

– One-month decrease in cost: -2.1%
– Annual change in cost: -11.1%
– March 2023 cost: $2.81A spoonful of ground coffee

Canva

#6. Ground coffee (per lb.)

– One-month decrease in cost: -2.6%
– Annual change in cost: +14.3%
– March 2023 cost: $6.18Baskets of naval oranges.

Canva

#5. Navel oranges (per lb.)

– One-month decrease in cost: -2.6%
– Annual change in cost: +2%
– March 2023 cost: $1.51Bright red tomatoes with green tops.

Canva

#4. Tomatoes (per lb.)

– One-month decrease in cost: -2.9%
– Annual change in cost: +5.7%
– March 2023 cost: $1.93A can of frozen orange juice concentrate.

Keith Homan // Shutterstock

#3. Frozen concentrate orange juice (per 16 oz.)

– One-month decrease in cost: -3%
– Annual change in cost: +7.3%
– March 2023 cost: $2.89

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Dusan Petkovic // Shutterstock

#2. Strawberries (per 12 oz.)

– One-month decrease in cost: -16.4%
– Annual change in cost: -2.3%
– March 2023 cost: $2.65Closeup of white eggs in a carton

Canva

#1. Eggs (per doz.)

– One-month decrease in cost: -18.2%
– Annual change in cost: +68.4%
– March 2023 cost: $3.45


Stacker

Stacker is a news organization that produces and distributes data journalism to the world’s news organizations. Founded in 2017, Stacker combines data analysis with rich editorial context, drawing on authoritative sources and subject matter experts to drive storytelling. This article has been republished pursuant to a CC BY-NC 4.0 License.