WYOMING, Del.- Food prices are dropping after steep price increases last year. The Bureau of Labor Statistics said food prices have fallen 2.5 percent since November.
For example, the government said the price of corn has dropped 56 percent since November. Officials attribute the drop to declines in commodity prices.
At Witt Brothers Market in Wyoming, Del., shoppers said they have noticed prices falling a bit.
Specifically, the owners said chicken prices have gone down, along with the price of pork, and all kinds of produce.
Shopper Leroy Roberts said, "I shop every once in a while, so yes, I do see prices going down."
With people closely watching what they spend, some shoppers said any savings can make a difference.
"If food could be lower it would help a lot, especially with incomes shrinking. If food prices could shrink with incomes it would be good," said Suzette Burris.
And as stores compete for the cash of increasingly thrifty shoppers, there is more competition in the form of sales and specials.
While food prices are falling, experts said the small price decreases have not erased the sharp price increases we saw last year.