US food prices are finally easing—but not if you’re eating out

Grocery prices are still up a lot—12.4% year-over-year in the US in October, according to the Bureau of Labor Statistics (BLS).

But the decline in commodity prices such as wheat and corn, due in part to the easing of pandemic-related supply chain snags, is making its way to the supermarket. The rate of change in grocery prices finally decreased in October after a steep climb up.