May’s food prices remained unchanged, according to the latest CPI data.
The index for food at home fell 0.2% in May, swinging the pendulum back from a sizable increase in April. Nonalcoholic beverages was the only index to increase, while the indexes for meat, poultry, fish, and eggs, dairy and related products, fruits and vegetables, and other food at home declined. Cereals and bakery products prices held steady.
Food at home has only risen by 0.1% over the past year. The only grocery store index that has risen is meat, poultry, fish, and eggs (+2.3%).
On the flip side, the index for food away from home rose yet again, this time by 0.3%. The small bump contributes to the overall 12-month price increase of 2.7%.