Grocery inflation jump at the lowest rate since June 2021, meat prices still growing

The next grocery trip may not be filled with as much sticker shock as years past.

In the month of August, food prices overall grew 2.1% from a year ago, per the latest data from the Bureau of Labor Statistics. It was up 0.1% from July.

Food at home (groceries) jumped 0.9% year over year and remained flat month over month.

"We're in a situation where food at home is really decelerated," BLS economist Steve Reed told Yahoo Finance over the phone. The year-over-year change in grocery prices is the lowest since June 2021, matching trends seen pre-pandemic, he said.

Read more: Cell phones, furniture, used cars: Here's where prices are easing up as inflation cooldown continues