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Grok 4.5Oct 21, 2026x-ai/grok-4.5-20260708

Are prices lower in stores compared to a year ago?

[1]No, prices in stores are generally not lower compared to a year ago (as of the latest data around September/October 2026). Overall consumer prices and most retail/goods categories are higher, though the increases for many store items are modest, some specific items have declined, and inflation has moderated from post-pandemic peaks.[2]

Latest U.S. CPI Overview (September 2026)

The Consumer Price Index (CPI) for all items rose 3.7% year-over-year (and 0.6% month-over-month), up from 3.4% the prior month. This was driven heavily by energy, but core prices (excluding food and energy) were also up.[3]

Key store-relevant categories (year-over-year changes):

•Food at home (groceries): +1.8%.[4]
•Food overall: +2.5% (food away from home/restaurants +3.5%).[4]
•Commodities less food and energy (core goods like apparel, household items, vehicles excluding energy/food): +0.7%.[5]
•Apparel: +3.4%.[4]
•New vehicles: +0.6%.[4]
•Energy (affects store costs and gas stations): +20.4% overall; gasoline +34.2%.[4]

Items that declined (examples):

•Used cars and trucks: –1.5%.[4]
•Medical care commodities: –3.3%.[4]
•Dairy and related products: –0.7%.[4]

Other notes: Fruits/vegetables and nonalcoholic beverages were up around 3.7–3.8%; meats/poultry/fish/eggs were nearly flat (+0.3%).[4]

Context and Trends

•Core goods have seen relatively mild inflation recently (around 0.7% YoY), with some monthly firming (e.g., +0.3% in September, partly from used vehicles, recreation goods, and apparel). This is much cooler than services or energy.[6]
•Grocery inflation has been subdued compared to earlier years (near or below 2% recently for food at home), but prices remain elevated versus pre-pandemic levels.[7]
•In 2024, retailers (e.g., Target, Walmart) actively cut prices on thousands of items amid cooler goods inflation/deflation in some categories and consumer pullback, contributing to periods where goods prices were flat or down YoY. That dynamic was less dominant in the latest 2026 data, which shows modest positive inflation for core goods amid other pressures (including energy and potential tariff/pass-through effects in some categories).[8]
•Broader retail price indexes (e.g., Chicago Fed measures) have also shown positive YoY changes.[9]

In short: Shoppers are not broadly seeing lower shelf prices than a year ago. Many everyday store items cost about the same or a bit more (with groceries up modestly), while energy-related costs are sharply higher and a minority of categories (like used cars or certain dairy/medical items) are cheaper. Experiences vary by location, specific products, promotions/discounts, and shopping habits (e.g., private-label vs. name brands). Official CPI data from the BLS is the standard measure; individual store baskets can differ. For the most current figures, check the latest BLS CPI release.

Citations (9)

  1. 1bls.govGovernment
    https://www.bls.gov/opub/ted/2025/consumer-price-index-2024-in-review.htm

    Backs: “[[1]](https://www.bls.gov/opub/ted/2025/consumer-price-index-2024-in-review.htm)”

  2. 2bls.govGovernment
    https://www.bls.gov/cpi/

    Backs: “Overall consumer prices and most retail/goods categories are higher, though the increases for many store items are modest, some specific items have declined, and inflation has moderated from post-pandemic peaks.”

  3. 3businessinsider.comNews and mediaquality 0.80
    https://www.businessinsider.com/cpi-inflation-september-consumer-price-index-2026-10

    Backs: “This was driven heavily by energy, but core prices (excluding food and energy) were also up.”

  4. 4bls.govGovernment
    https://www.bls.gov/news.release/charts/cpi-cpi_rc_1cpibycat.stm

    Backs: “Food at home (groceries): +1.8%.”

  5. 5bls.govGovernment
    https://www.bls.gov/news.release/cpi.t01.htm

    Backs: “Commodities less food and energy (core goods like apparel, household items, vehicles excluding energy/food): +0.7%.”

  6. 6td.comCompanies
    https://economics.td.com/us-cpi?linkId=160583551

    Backs: “Core goods have seen relatively mild inflation recently (around 0.7% YoY), with some monthly firming (e.g., +0.3% in September, partly from used vehicles, recreation goods, and apparel). This is much cooler than services or energy.”

  7. 7yahoo.comNews and mediaquality 0.69
    https://finance.yahoo.com/economy/article/inflation-is-retreating-from-most-of-the-store--why-your-biggest-bills-are-the-holdouts-chart-of-the-day-113303438.html

    Backs: “Grocery inflation has been subdued compared to earlier years (near or below 2% recently for food at home), but prices remain elevated versus pre-pandemic levels.”

  8. 8retailbrew.comNews and media
    https://www.retailbrew.com/stories/2024/12/18/2024-was-the-year-of-discounts-price-cuts-and-more-affordable-assortments

    Backs: “That dynamic was less dominant in the latest 2026 data, which shows modest positive inflation for core goods amid other pressures (including energy and potential tariff/pass-through effects in some categories).”

  9. 9stlouisfed.orgGovernment
    https://fred.stlouisfed.org/series/CARTSPY

    Backs: “Broader retail price indexes (e.g., Chicago Fed measures) have also shown positive YoY changes.”