FarmPolicy

November 12, 2019

USDA- ERS: Food Price Outlook, 2013-14

From the U.S. Department of Agriculture’s Economic Research Service (ERS), Sept. 25- “The Consumer Price Index (CPI) for all food increased 0.2 percent from July to August, increased 0.1 percent from June to July, and is now 1.4 percent above the August 2012 level.

* The food-at-home (grocery store food items) CPI increased 0.2 percent in August and is up 1 percent from last August; and

* The food-away-from-home (restaurant purchases) CPI increased 0.2 percent in August and is up 2 percent from last August.

“The all-items CPI rose 0.1 percent in August and is 1.5 percent above the August 2012 level. The overall direction of food prices in 2013 continues to be mixed, and the food-at-home CPI is down 0.1 percent thus far in 2013. While there are no changes to the 2014 CPI forecasts, several forecasts for the remainder of 2013 have changed.”

Click on image for full screen

ERSFoodPrceOut13Sept25

kg

Comments are closed.