July CPI data show egg prices slipped 0.8% from May to June and were 27.9% below June 2025, making eggs the main grocery item clearly getting cheaper.
Trump told Fox News that food and grocery costs are "all coming down," but economists cited in the report said broader food inflation is still rising rather than reversing.
USDA's Economic Research Service forecasts grocery prices will increase about 2.7% for the rest of 2026, while restaurant and takeout prices are expected to rise roughly 3.5%.
Eight of 15 food categories tracked by ERS are projected to outpace their 20-year average in 2026; eggs and fats and oils are the only major categories expected to fall.
Egg prices also need context: they surged to historic highs in early 2025 after avian flu outbreaks, so the decline reflects a retreat from an unusually elevated base.