Food Institute supermarket Prices
US Food-at-home inflation rate at lowest level since 1992
Phil Lempert Supermarket Guru reports a Food Institute analysis of newly released government data shows grocery prices in October posted their largest decline in 50 years.
The Consumer Price Index for food-at-home last month was 2.8% less than the same month last year even though it posted a slight increase from the prior month.
As a result, the annualized food-at-home inflation rate through Nov. 1 was just 1.1% and will likely be only slightly higher than that level at year’s end.
That would put 2009’s food-at-home inflation rate at the lowest level since 1992 when it inched up less than a percentage point.
The Consumer Price Index for food-at-home last month was 2.8% less than the same month last year even though it posted a slight increase from the prior month.
As a result, the annualized food-at-home inflation rate through Nov. 1 was just 1.1% and will likely be only slightly higher than that level at year’s end.
That would put 2009’s food-at-home inflation rate at the lowest level since 1992 when it inched up less than a percentage point.
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Sponsored Content
Related News
October 28, 2024
Himalaya Food International Limited: 60,000 TPA French Fry Plant Set to Launch by March 2025
August 26, 2024
The potato: a guarantee for regional food security and prosperity
June 27, 2024
J&J Green Paper implements its sustainable packaging initiative Janus® with largest independent McDonalds franchisee in the world
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
