Food Up 4.4% Annually, Up 0.2% Monthly

February 20, 2024 | 1 Comment

On an annual basis the food sector increased 4.4% and on month to month basis it increased 0.2% in September, according to the recently released September Consumer Price Index.

As far as year to year food prices, the report said, “The Food sector increased 4.4 per cent. Factoring in to the annual increase was the cost of dry breakfast cereals [+17.5 per cent], sliced meats [+10.9 per cent] and frozen entrees [+10.3 per cent].

“In contrast, the annual average price of spare ribs [-19.7 per cent], onions[-17.5 per cent] and whole chickens and chicken parts[-12.1 per cent] decreased.”

Looking at food prices on a month to month basis, the report said, “The Food sector rose 0.2 per cent in September compared to a 0.7 per cent rise in August. On average, the leading price increases were baked beans [+9.3 percent], beef tenderloin [+5.7 per cent] and sweet biscuits [+4.2 per cent].

“In contrast, the average cost of oranges [-5.0 per cent] and pineapples [-2.3 per cent] declined.”

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Category: All, Business

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  1. trufth says:

    September data?? Seriously?

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