Consumer food prices rise 0.2 percent from July 2015 to July 2016

August 18, 2016

The Consumer Price Index for all Urban Consumers (CPI-U) increased 0.8 percent from July 2015 to July 2016. Food accounts for about 14 percent of the CPI-U market basket, and food prices rose 0.2% percent over the year.

12-month percent change in the CPI-U and selected food items, July 2015–July 2016
Item Percent change

All items

0.8%

Food

0.2

Food at home

-1.6

Cereals and bakery products

-0.8

Meats

-4.7

Poultry

-3.2

Fish and seafood

0.2

Eggs

-29.0

Dairy and related products

-3.1

Fruits and vegetables

1.4

Nonalcoholic beverages and materials

-0.5

Other food at home

0.1

Food away from home

2.8

Prices for food at home decreased 1.6 percent for the 12 months ending July 2016. Egg prices declined 29 percent and meat prices decreased 4.7 percent over the year. Poultry prices decreased 3.2 percent, while prices for food away from home rose 2.8 percent over the year.

These data are from the Consumer Price Index program and are not seasonally adjusted. For more information, see “Consumer Price Index—July 2016” (HTML) (PDF).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer food prices rise 0.2 percent from July 2015 to July 2016 on the Internet at https://www.bls.gov/opub/ted/2016/consumer-food-prices-rise-0-point-2-percent-from-july-2015-to-july-2016.htm (visited September 25, 2017).

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