Saturday, March 2, 2024
HomeAg NewsConsumer Price Index Increases, Grocery Story Prices Lower

Consumer Price Index Increases, Grocery Story Prices Lower

The Consumer Price Index rose again in April, but grocery store prices for food declined.

The Bureau of Labor Statistics reported Wednesday that the Consumer Price Index for All Urban Consumers rose 0.4 percent in April. The overall food index was unchanged in April, as the food at home index fell 0.2 percent over the month, following a 0.3-percent decrease in March. Four of the six major grocery store food group indexes decreased over the month. The index for fruits and vegetables decreased 0.5 percent in April, and the index for meats, poultry, fish, and eggs declined 0.3 percent.

The dairy and related products index decreased 0.7 percent in April as the milk index fell 2.0 percent, the largest decline in that index since February 2015. The nonalcoholic beverages index declined 0.1 percent over the month. In contrast, the index for other food at home rose 0.2 percent in April, following a 0.4-percent increase the previous month.

- Advertisment -

Latest Stories