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Food Prices Drop, and There May Be More to Come

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DAILY DEFLATION DATAPOINT
"Food prices are dropping on some key items as retailers slash prices to better compete and food makers do more promotions and pass along savings from lower ingredient and gasoline costs," according to USA Today. "A Labor Department price index of food sold to be eaten at home fell for the seventh time in eight months in July. The index, which is part of the consumer price index, fell 0.5% in the most recent month and is down 0.9% in the past 12 months."
SOURCE:   USA Today

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