Food prices have varied throughout 2023 in the United States due, primarily, to high inflation rates.
Based on a detailed analysis of the same, the Bureau of Labor Statistics (BLS) has released its annual report.
The report reveals that inflation as measured by the consumer price index rose 0.3% in December after rising 0.1% in November.
Meanwhile, compared to CPI inflation in December 2022, inflation in 2023 fell by 3.1 percentage points. The decline was 6.5% in December 2022, higher than the 3.4% recorded in December 2023.
Food prices in 2023
BLS research found that the food index increased 2.7% in 2023 and that the household itself increased 1.3% over the past 12 months.
For example, prices for cereals, baked goods and soft drinks have increased by 2.6% since December 2022. Meanwhile, the fruit and vegetable index increased by 0.3% despite the decline recorded last December.
Meanwhile, the dairy and related products index fell 1.3% over the year. Its counterpart meat, poultry, fish and eggs fell 0.1%, despite rising egg prices in December.
The BLS analysis also showed December statistics, precisely. In the last month of 2023 the food index increased by 0.2%, the same as in November.
This aspect in the home itself increased by 0.1% in the analyzed month, identical to the previous month.
Four of the six major food group indices, represented in supermarkets and grocery stores, increased in December.
The meat, poultry, fish and egg index rose 0.5%, led by an 8.9% increase in the price of eggs.
BLS also notes in its report that the index of other foods consumed at home increased 0.1% in December and the index of soft drinks increased 0.2%. Prices of dairy and related products increased by 0.3%.
As for the drop in prices, the cereal and bakery products index decreased by 0.3%. Finally, in the aforementioned month of December the fruit and vegetable index fell by 0.1%.
2024-01-13 22:10:06
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