Although Grocery, Health & Beauty and Household prices remained elevated in April, the rate of increase has leveled off from 2022 highs.
Highlights for the four week period ending April 30, 2023:
- Grocery prices were up 6.1% vs. YA, in line with previous weeks and significantly lower than late 2022.
- Health & beauty price increases have slowed down from 2022 highs and currently sit at 8.0% vs. YA, driven by Skin Care and Hair products.
- Prices for household items were up 7.5% vs. YA driven by air fresheners & household cleaners, the lowest level seen in the past year.