Food prices in the United States went through 19 months of deflation during 2016 and 2017. However, many consumers and business owners haven’t noticed a change.
Not all restaurant suppliers have passed wholesale price reductions on to their clients, which means that some establishments may be paying higher prices than they need to. Let’s take a look at how grocery prices have changed over the last couple of years and find out how restaurant owners can take advantage of this recent trend.
Which Foods Are Falling in Price?
Beef, eggs and dairy products experienced the biggest price drops during 2016 and 2017. A dozen large grade A eggs cost 13.8 percent less in July 2017 than in July 2016, and this price change came hot on the heels of a drop of almost 40 percent between 2015 and 2016.