Food and beverage C.P.I. inches up 0.1% in October
Nov. 16, 2011
by Eric Schroeder
WASHINGTON — The Consumer Price Index for food and beverages increased 0.1% in October, climbing to 230.8 from 230.5 in September, according to the Bureau of Labor Statistics of the Department of Labor. The gain followed advances of 0.4% in September and 0.5% in August.
The food index rose 0.1% in October after rising 0.4% in September. It was the smallest increase of the year for the index, as the fruits and vegetables index declined sharply.
For the fourth consecutive month, five of the six major grocery store food groups increased during October, led by a 0.5% gain in meats, poultry, fish, and eggs.
The index for meats, poultry, fish, and eggs was 227.4 in October, up from 226.3 in September. The gain followed advances of 0.4% in both September and August.
Also advancing 0.5% during October was the index for nonalcoholic beverages. The index rose to 168.9 in October from 168 in September.
The indexes for cereals and bakery products and for other food at home both rose 0.4% in October, while the index for dairy and related products increased 0.1%.
A decline of 1.7% occurred in the index for fruits and vegetables, as the indexes for both fresh fruits and fresh vegetables both declined sharply. The index for fruits and vegetables had increased 0.9% in September and 0.6% in August.
The overall Consumer Price Index fell 0.1% in October to 226.4 after climbing 0.3% in September and 0.4% in August. The index now has increased 3.5% over the past 12 months. The decline reflected a drop in the energy index for the first time since June.