Food inflation up in 2003
May 28, 2004
Food price inflation was higher in 2003, 3.6 percent, when compared with 1.5 percent during the prior year.
Beef and veal prices rose 23.5 percent in 2003, following a 0.6-percent increase in 2002. Beef supplies grew increasingly tight during 2003. Pork prices increased 5.2 percent in 2003, after decreasing 2.3 percent during the prior year. Pork production, in pounds, increased 1.3 percent last year.
Chicken prices increased 4.7 percent in 2003, after decreasing 0.1 percent in 2002. Fish and seafood prices increased 2.7 percent in 2003, following a 1.1-percent decrease during the previous year.
Prices for dairy products increased 3.4 percent last year, after decreasing 2.0 percent in 2002. Milk prices rose 6.9 percent. Cheese prices increased 2.3 percent. Fresh vegetable prices increased 7.6 percent, following a 6.4-percent rise in 2002. Fresh fruit charges rose 1.4 percent, compared with 4.7 percent in 2002.
These data are from the BLS Consumer Price Index program. For additional information, see "Consumer prices during 2003," by Todd Wilson, Monthly Labor Review, April 2004. Annual changes are December-to-December changes.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Food inflation up in 2003 on the Internet at http://www.bls.gov/opub/ted/2004/may/wk4/art05.htm (visited September 28, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.