Food inflation still running hot, government reports

Food inflation still running hot, government reports

by Tom Karst, Oct 13, 2022

The government’s latest inflation report shows higher food prices continue to hound consumers, with grocery food prices in September up 13% compared with a year ago.

The price index for restaurant/foodservice meals rose 8.5% through September compared with a year ago, according to report. Prices for full-service restaurant meals have climbed 8.8% over the past 12 months, while the inflation rate for limited- service meals is 7.1% higher compared with a year ago.

The report said the yearly inflation rate for all consumer categories was 8.2% in September, before seasonal adjustment. September’s numbers were down slightly from the 8.3% all-items inflation rate in August.

Food prices still moving up

The report said the overall food index increased 0.8% in September, the same increase as August. 

The grocery food 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% in September, while the index for cereals and bakery products rose 0.9% over the month. The index for other food at home increased 0.5% in September, after rising 1.1% in August. The index for meats, poultry, fish and eggs rose 0.4% over the month while the index for nonalcoholic beverages increased 0.6% in September. The dairy and related products index rose 0.3% in September, the same increase as the previous month.

September retail price inflation for fresh produce items, compared with a year ago:

  • Fresh fruits: up 8.2%
  • Apples: up 6%
  • Bananas: up 7.3%
  • Citrus fruits: up 10.2%
  • Oranges and tangerines: up 14.9%
  • Fresh vegetables: up 9.2%
  • Potatoes: up 17.5%
  • Lettuce: up 15.7%
  • Tomatoes: down 1%.
     








Become a Member Today