C.P.I. for food and beverages up 0.3% in October

by Eric Schroeder
Share This:

WASHINGTON — The Consumer Price Index for food and beverages was 206.1 in October, up 0.3% from 205.5 in September, the Bureau of Labor Statistics of the U.S. Department of Labor said. On an unadjusted basis, the index was up 4.4% from October 2006. Meanwhile, the index for All Urban Consumers increased 0.2% in October, before seasonal adjustment. The October level of 208.9 was 3.5% higher than in October 2006.

On a seasonally adjusted basis, the C.P.I. increased 0.3% in October, the same as in September. Within the overall C.P.I., energy costs advanced 1.4%. Within energy, the index for petroleum-based energy increased 1.5%, while the index for energy services rose 1.3%.

The index for food at home continued its upward climb, rising 0.2% to 204.3.

The gain in food at home was driven by a sharp increase in fruits and vegetables. The index for fruits and vegetables increased 0.7% in October, following a 1.8% gain in September. The index for fresh vegetables increased 2.3%, while the index for fresh fruits fell 0.4%. The index for processed fruits and vegetables increased 0.1%.

Dairy products, which rose 1.7% in August and 1% in September, climbed 0.2% to 204.4. Within dairy, milk prices were virtually unchanged, but year-to-date have risen 13.3%.

The index for meats, poultry, fish, and eggs was 198.5, up 0.2% from September. Beef and poultry prices each fell 0.7%, while the index for pork, other meats, and for fish and seafood each increased in October. The index for eggs fell 1.3% in October after rising 8.7% in September. Even so, the index for eggs was 42.2% higher than a year ago.

The index for cereal and bakery products rose 0.4% to 224.8, while other food at home fell 0.3% to 174.7.

The index for nonalcoholic beverages rose 0.1%.

The other two components of the food and beverage index — food away from home and alcoholic beverages — increased 0.2% and 0.4%, respectively, in October, the B.L.S. said.

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.