Food Prices Climb 0.8% in August: CPI Report

Meals costs elevated 0.8% in August, the smallest month-to-month improve since December 2021 in response to the latest CPI report. This improve comes after July’s bigger leap of 1.1% and marks almost two years of consecutive month-to-month will increase.

Meals at dwelling

The meals at dwelling index elevated 0.7%, and costs rose for all six main grocery retailer group indexes throughout this time. The index for cereals and bakery merchandise rose essentially the most at 1.2%, adopted by different meals at dwelling, which rose 1.1%.

Value adjustments for the opposite main grocery retailer teams included:

Industry Report - Software Trends 2022
  • Fruit and veggies: +0.5% (+0.5% in July)
  • Meats, poultry, fish, and eggs: +0.5% (+0.5% in July)
  • Nonalcoholic drinks: +0.5% (+2.3% in July)
  • Dairy and associated merchandise: +0.3% (+1.7% in July)

The meals at dwelling index has risen 13.5% over the previous 12 months, the index’s largest yearly improve because the interval ending March 1979. The index for different meals at dwelling noticed a rise of 16.7%, and the index for cereals and bakery merchandise went up 16.4% throughout this time. The remaining grocery retailer teams elevated anyplace from 9.4% (vegatables and fruits) to 16.2% (dairy and associated merchandise).

Meals away from dwelling

The index for meals away from dwelling elevated 0.9% in August after rising 0.7% in July. The index for full service meals jumped 0.8% after a 0.6% improve final month, and restricted service meals rose 0.7% after a rise of 0.8% final month.

The meals away from dwelling index went up 8.0% over the previous 12 months. The index for full service meals rose 9% throughout this time, and the index for restricted service meals rose 7.2%.

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