Wholesale Food Prices Fell 0.1% In January, Are Off 3.9% Vs. January 2023, But Up 25% From February 2020

Wholesale food prices in January were 3.9% lower than prices in January 2023. While this compares to a year-over-year decline of 5.6% in December, the change has a lot to do with the strongly negative monthly declines in wholesale food prices during the first five months of 2023. There is no doubt the trend has…