Food Up 4.9% Annually, Up 0.4% Monthly
On an annual basis the food sector increased 4.9% and on month to month basis it increased 0.4% in October, according to the recently released October Consumer Price Index..
As far as year to year food prices, the report said, “The Food sector increased 4.9 per cent. Factoring into the annual increase was the cost of sugar [+41.9 per cent], baby food [+16.8 per cent] and pineapples [+11.7 per cent].
“In contrast, the annual average price of eggs [-19.1 per cent], cantaloupes [-6.5 per cent] and lettuce [-3.6 per cent] decreased.”
Looking at food prices on a month to month basis, the report said, “The Food sector rose 0.4 per cent for the month. On average, price increases were reported for red grapes [+21.2 per cent], onions [+6.8 per cent] and potato chips [+4.6 per cent].
“In contrast, the average cost of cooking oil [-4.2 per cent] and eggs [-4.0 per cent] declined.”
“Food Up 4.9% Annually, Up 0.4% Monthly” – APRIL FOOL! Food has gone up more than 10% Annually.
That report must be referring to locally generated inflation only. Otherwise the cost of food would be decreasing by reason of being shipped from the United States to Bermuda.
Quite fitting that on April 1 we got the latest work of fiction from the Bermuda Government.