The overall food price index rose by 0.2% last month, according to November’s CPI report. This slight rise came immediately following the only month this year when food prices dropped.
The price index for food at home saw slight growth of 0.2% in November. Grocery store food fluctuated at varying rates, with three of the price indexes rising, while two fell and one remained unchanged. Of the six groups, cereals and bakery products saw the most significant price change. Meanwhile, prices for fruits and vegetables stabilized after three months of decline, and the index for dairy and related products slipped for the third month in a row.
- Meat, poultry, fish, and eggs: +0.3%
- Cereals and bakery products: +0.6%
- Dairy and related products: -0.2%
- Fruits and vegetables: No change
- Nonalcoholic beverages: -0.4%
- Other food from home: +0.3%
As for food away from home, the index continued to increase in November, this time by 0.3%. This is the index’s most significant uptick since May, bringing the overall price increase over the past 12 months to 2.6%.
