Food and beverages index rises 0.4% in July

by Eric Schroeder
Share This:

WASHINGTON — The Consumer Price Index for food and beverages rose 0.4% in July, climbing to 228.5 from 227.6 in June, according to the Bureau of Labor Statistics of the Department of Labor. The 0.4% gain followed advances of 0.2% in June and 0.4% in both April and May.

The food index also rose 0.4% in July after rising 0.2% in June.

Five of the six major grocery store food groups increased during July, led by a 1.2% gain in both the dairy and related products index and the fruits and vegetables index.

The index for dairy and related products was 214.8 in July, which was up from 212.3 in June.

The 1.2% gain in the index for fruits and vegetables followed declines of 0.3% and 1.3% in June and May, respectively. The B.L.S. attributed the July gain to a 3.7% increase in the index for fresh fruits.

The index for nonalcoholic beverages increased 0.9% in July as the coffee index continued to rise sharply, the B.L.S. said.

Meanwhile, the index for meats, poultry, fish and eggs increased 0.5% to 224.6, while the index for food at home rose 0.6% to 227.1.

The index for other food at home was up 0.3% to 197.7, and the index for food away from home rose 0.2% to 231.6.

The lone major food index to decline during July was cereals and bakery products, which eased 0.1% to 259.6.

The overall Consumer Price Index rebounded from a decline of 0.2% in June by increasing 0.5% in July to 225.4. The index now has increased 3.6% over the past 12 months.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.