The Food Price Index Moves Higher in January

The Food Price Index increased 0.4% in January.  The food at home index rose ½% over the month as four of the six major grocery store food group indexes increased.  The indexes for meats, poultry, fish, and eggs rose 1.9% over the month, as the index for eggs led the way by rising 15.2%.  This was the largest increase in the eggs index since June 2015 and accounted for about two-thirds of the total monthly food-at-home increase.

The Bureau of Labor Statistics added the fruits and vegetables index fell ½% in January.  The cereals and bakery products index decreased 0.4% over the month as the breakfast cereal index fell 3.3%.

The food away from home index rose 0.2% in January. The index for limited-service meals rose 0.3% over the month, and the index for full-service meals rose 0.1%.

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