Grocery prices dipped in July for first time since March

On the upside, nonalcoholic beverages rose 0.9% after a 1.5% drop in June. Cereals and bakery products increased 0.2%. The index for other food at home was flat.

Year over year, dairy and related products was the only category showing a decline, down 0.5%. Fruits and vegetables led the annual increases with a 5.1% gain. Nonalcoholic beverages rose 4.1%, cereals and bakery products were up 2.7%, other food at home rose 2.5%, and meats, poultry, fish, and eggs climbed 1.9%.

Separately, Numerator released its own July Consumer Goods Price Index on Tuesday. The consumer data firm said prices for everyday household purchases fell 0.4% in July, following a 0.7% increase in June and a 0.5% rise in May. On an annual basis, everyday goods prices were up 2.6% in July, down from 3.4% in June.