Consumers Price Index Higher In September
According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.4 percent in September on a seasonally adjusted basis. The food index increased 0.8% in September, the same increase as August. The food at home index rose 0.7% in September as all six major grocery store food group indexes increased. The index for fruits and vegetables rose 1.6%, while the index for cereals and bakery products rose 0.9%.
The index for meats, poultry, fish, and eggs rose 0.4%, while the index for nonalcoholic beverages increased 0.6% in September. The dairy index rose 0.3% in September, the same increase as the previous month. The food away from home index rose 0.9% in September, as it did in August.
The food at home index has increased 13% over the last year, and the index for food away from home has moved up by 8.5% during that same time period.
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