Bank of America Securities (BofA) analysts conducted a grocery price study in Las Vegas, comparing April 2025 in-store prices with those from a year earlier.
They found average prices were up 2% year-over-year (and 23% higher than in 2019), with eggs driving much of the increase, excluding them, prices rose just 1%.
Year-over-year, price hikes were the largest at Kroger Company (NYSE:KR) and smallest at Dollar Tree, Inc.’s (NASDAQ:DLTR) Family Dollar and Amazon.com, Inc.’s (NASDAQ:AMZN) Whole Foods Market.
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Over six years, the biggest increases were seen at Sprouts Farmers Market, Inc. (NASDAQ:SFM) and Dollar General Corporation (NYSE:DG), and the smallest at Whole Foods Market and Walmart Inc. (NYSE:WMT).
Analysts compared year-over-year trends and price positioning relative to Walmart using like-for-like item baskets, finding Walmart maintained the lowest grocery prices across all retailers except Dollar Tree.
At Dollar Tree, $1.25 items were 16% cheaper than Walmart, while multiprice items, mainly frozen and refrigerated, were 2% more expensive.
This apart, BofA Securities analysts visited a Dollar General Market store with produce in Las Vegas and observed that produce prices were 16% higher than Walmart’s, up from a 14% gap last year.
Across Vegas retailers, they found average grocery prices had risen 2% year-over-year, or 1% excluding eggs, led by an 8% increase in dairy, while center store prices were slightly down by 1%.
Egg prices rose sharply (30%-70%) at nearly all retailers except SFM, where prices were flat, a trend similar to BofA’s Dallas study in February.
Compared to 2019, prices in Vegas were up 23% on average, with the biggest 6-year increases at Sprouts Farmers Market and Dollar General (both +32%), and the smallest at Whole Foods Market (+11%) and Walmart (+16%).
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