April brings a shake up in food price indexes: CPI report
May 14, 2019
After five straight months of increases, the food price index declined by 0.1% in April.
Food at home
Five of the six grocery store food group indexes declined last month, lowering the food at home price index down by 0.5%.
The most significant decrease in the category was in the fruits and vegetables and nonalcoholic beverages indexes, both of which fell by 0.9%. These sharp declines came immediately following March’s spike in fruits and vegetables prices when the group’s index rose 1.6%. Dairy and related products were the only prices that increased in April — this is the third month in a row the index for that group has increased.
- Meat, poultry, fish, and eggs: -0.2%
- Cereals and bakery products: -0.1%
- Dairy and related products: +0.1%
- Fruits and vegetables: -0.9%
- Nonalcoholic beverages: -0.9%
- Other food from home: -0.6%
Over the past 12 months, the price index for food at home ticked up by 0.7%. The most significant price index changes in that time frame were the indexes fruits and vegetables (+2.2%), nonalcoholic beverages (+2.2%), and meat, poultry, fish, and eggs (-1.1%).
Food away from home
The index for food away from home followed its upward trajectory, this time increasing by 0.3%.
- Limited service meals: +0.3%
- Full service meals: +0.4%
Small monthly increases in the food away from home category have been unrelenting, bringing the 12-month unadjusted change to +3.1% — the biggest 12-month increase since February 2015.
Overall, the food price index has risen 1.8% over the past year.
By Hilary Smith
Source: Food Industry Executive