My POV .... They didn't drop too much across the board after the COVID shutdown. Businesses used the prices as a way to make even more money, and to appear to be cutting prices ... while leaving still them higher than they should be.
I went to grocery yesterday and there was beef anywhere from $10.99 to $20.00 a pound, and $10.99 was high fat ground beef. No surprise we are eating mostly chicken. I live in one of the biggest chicken producing states so I think that helps with our prices.
Overall Beef Prices per lb
Pre-COVID $7.50
2023 $9.50
2024 $10.50
Early 2025 almost $11.00
Now $12.50
Beef is up 20% in just 9 months, and 67% since COVID.
NOW that is averages, overall etc because where I am that $12.50 is reasonable, we have beef $20 and above per pound.
NO ONE can make any business drop it's prices, we are at the mercy of their good will and if dropping makes sense for them. How is it selling at these prices? If selling why drop. Will they sell more if they lower or would it make sense to hold and guarantee their profits? What does their supply chain look like along with their costs? If they drop price and sell more, can they get more? If no, bad move to drop. As more domestic farms are closing and we are dealing with corporations .... do they even care? And honestly what is the quality going to be with less and less FDA oversight?
Our grocery prices have been going up steady for at least six months. Our store has severely reduced what they are offering, removing fixtures so you don't notice. Product is only 2-3 deep when it used to be 6 deep. EX: My store has eliminated probably 60% of the cookies previously sold. Cookie prices, like Chips-A-Hoy now $6 ..... sale is $4. For junk! We have learned to shop big sales (freeze or store) and basics. No plans to go back to the "extras" no matter the price.