Pineapple & Cheese Prices Up, Onions Down
The cost of pineapples went up 26.5% and frozen entrees went up 19.8% on annual basis, while on a month to month basis, the average cost of green peppers went up 14% and cheddar cheese went up 4%, while the price of onions decreased on both an annual and monthly basis.
This is according to the recently released April Consumer Price Index which said that on an overall month to month basis the food sector inched up 0.4% in April, while an annual basic food sector increase 9.3%.
As far as year to year food prices, the report said, “The Food sector was the largest contributor to the twelve-month increase in the CPI [+9.3 per cent]. Factoring into the annual increase was the cost of pineapples [+26.5 per cent], frozen entrees [+19.8 per cent], dry breakfast cereals [+19.5 per cent] and baby food [+11.4 per cent].
“In contrast, the annual average price of onions [-20.1 per cent], spare ribs [-11.0 per cent] and sausages and hot dogs [-2.0 per cent] decreased.”
Looking at food prices on a month to month basis, the report said, “The Food sector inched up 0.4 per cent in April. Increases were reported in the average cost of green peppers [+14.0 per cent], cheddar cheese [+4.0 per cent] and pineapples [+2.3 per cent].
“In contrast, the average of cost of onions [-12.8 per cent], red grapes [-9.1 per cent] and cantaloupes [-8.2 per cent] fell.”
