Avocados are ridiculously popular, both on people's plates and in their Instagram feeds.
Americans were buying the crap out of the fruit. Demand skyrocketed so quickly that, combined with bad weather in Mexico that ruined crops, the price for avocados soared to a record high this spring, as Grub Street explained.
In the past couple months the retail price for a single Hass avocado has been in the low- to mid-$1.20s – it was about 89 cents to start the year. (Though of course some grocery stores have more expensive produce than others.)
But good news, avocado fans: They might get cheaper again very soon.
Bloomberg reports the wholesale price (so not what you pay at the store, but what a store or restaurant pays to buy them) fell more than 6 percent since the start of July.
And in 2018, avocado trees in Mexico will hit a part of the growing cycle where they produce a lot of the fruit, Bloomberg says.
If you want a nice visual to show just how popular avocados have become, check out this graph from the USDA. In 2015-16, Americans ate an average of 7.1 pounds per person – a decade earlier it was half that.