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Food Prices Increased in January

Grocery prices increased slightly last month, according to the latest Consumer Price Index released Tuesday. The Consumer Price Index for All Urban Consumers increased 0.3 percent in January on a seasonally adjusted basis, after rising 0.2 percent in December.

Over the last 12 months, the all items index increased 3.1 percent. The food index rose 0.4 percent in January, and the food at home index also increased 0.4 percent over the month. Four of the six major grocery store food group indexes increased over the month. The food away from home index rose 0.5 percent in January. The index for full-service meals rose 0.4 percent and the index for limited service meals increased 0.6 percent over the month.

The food at home index rose 1.2 percent over the last 12 months, while the index for food away from home rose 5.1 percent over the last year.

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