Food prices have increased for the second month in a row, this time by 0.1%, according to July’s CPI report.
Food at home’s price index rose by 0.2% last month, with three of the six grocery store food group indexes swelling. The main contributor to bump in price was the increase in the fruits and vegetable index, which rose by 1.9%. On the flip side, the indexes for dairy and related products and cereals and bakery products declined in July after increasing the previous month.
- Meat, poultry, fish, and eggs: + 0.3%
- Cereals and bakery products: – 0.2%
- Dairy and related products: – 0.6%
- Fruits and vegetables: + 1.9%
- Nonalcoholic beverages: No change
- Other food from home: + 0.1%
Despite the sometimes steep fluctuations of grocery store price indexes over the past year, the index for food at home has only increased by 0.4% in the past 12 months.
Food away from home saw a slight increase of 0.1% in July, bringing the 12-month unadjusted index change to +2.8%.
