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CPI Report: Small Drop in Food Prices for November

Young woman in disposable face mask taking dairy products from shelf in the supermarket, holding smartphone going through shopping list on her phone in groceries store, walking with trolley cart

The food price index fell by 0.1% in November after a 0.2% increase in October, according to the most recent CPI report

Food at home 

Following October’s small rise of 0.1%, prices for food at home decreased by 0.3% in November. This reflects a variety of increases and decreases among the six major grocery store categories, including a 0.9% drop for nonalcoholic beverages — its largest monthly decrease since December 2010:

These changes brought the 12-month food at home index down from 4.0% to 3.6%. Prices climbed for all of the major grocery store groups during the period, ranging from 2.4% (cereals and bakery products) to 5.9% (meats, poultry, fish, and eggs).

Food away from home

Price growth seems to be slowing for food away from home — the price index increased by just 0.1% in November after increases of 0.3% in October and 0.6% in September. 

The 12-month index for food away from home remains at +3.8%, with limited service meals now at +5.9% for the period and full service meals at +2.9%.

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