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!
Related News
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content