Are prices lower in stores compared to a year ago?
Prices - I'll check if store prices have fallen since last year.
No — on average, prices in stores are not lower than a year ago. Inflation has slowed (disinflation), but the price level is still higher year-over-year.
That is disinflation, not deflation:
> If annual inflation moves from 8% down to 3%, the economy is experiencing disinflation. Prices are still higher than they were last year, but they are climbing at a much gentler pace.
> If inflation drops below zero percent to -2%, the economy enters deflation. In this environment, the average price tag on goods and services is lower than it was a year ago.
Real deflation across whole economy is rare - last time was July 2009, CPI was 2.1% lower than a year earlier.
> A lower annual inflation rate is not the same as cheaper groceries than a year ago. Average food-at-home prices remained 1.8% above September 2025 despite the monthly decline.
It does not mean nothing got cheaper — prices vary by aisle/category:
But categories like gasoline (+27.4%), energy overall (+16.3%), apparel (+3.6%), food (+2.7%) were up, so the average shopping basket costs more than in fall 2025.
Citations (2)
- Prices in 2026: What's Cheaper Than a Year Ago, and What Isn't
Backs: “September CPI rose 3.7% year over year, above the 3.6% rate expected. Prices overall were 3.4% higher in August 2026 than a year earlier”
- US Grocery Inflation September 2026: Down to 1.8%
Backs: “Real deflation across whole economy is rare - last time was July 2009, CPI was 2.1% lower than a year earlier. Grocery / store food prices specifically: US grocery inflation (food-at-home) fell to 1.8% in September 2026, from 2.2% in August, as food-at-home prices declined 0.1% during the month”