retroceder - to go back, to move back, to back away, to back downSpanish example: Retrocedieron los precios en Chicago.
English example: The prices were rolled back in Chicago.
Source: retroceder - to go back, to move back, to back away, to back down (https://www.123teachme.com/spanish_feeds/word_of_the_day/2021/3/18)