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.
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%.
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
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The “first-of-its-kind” pilot project will develop and demonstrate an affordable modular bioprocessing system to produce biodegradable bioplastics from food waste diverted from landfills. The three-year grant will test the scalability and feasibility of the conversion on a national and global scale.
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