Food prices rose once again during the month of September, up 0.2% after an increase of the same amount in August, according to the recently released CPI report.
Food at home
The food at home index rose 0.1% in September, following August’s 0.2% increase. Half of the six major grocery store food group indexes increased during this time. Meanwhile, the index for meats, poultry, fish, and eggs increased the most at 0.5%. The index for cereals and bakery products saw its first decline since June 2021, falling 0.4% during the month of September.
Price changes for the other major grocery store groups included:
- Other food at home: +0.3% (+0.2% in August)
- Dairy and related products: +0.1% (-0.4% in August)
- Fruits and vegetables: unchanged (-0.2% in August)
- Nonalcoholic beverages: unchanged (-0.2% in August)
The food at home index rose 2.4% during the past 12 months. The index for cereals and bakery products experienced the biggest jump during this time period, rising 4.8%, while the dairy and related products index decreased 0.2%. The rest of the grocery store food groups increased anywhere from 0.2% (meat, poultry, fish, and eggs) to 4.2% (other food at home).
Food away from home
The index for food away from home rose 0.4% in September, after rising 0.3% in August. The index for full service meals and the index for limited service meals both increased 0.4% during the month.
The index for food away from home rose 6.0% during the past 12 months. The index for limited service meals increased 6.4% during this time, and the index for full service meals went up 5.1%.
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