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Food at Home Price Index Decreased 0.2% in April

May 16, 2024
Still stubborn, inflation in general is easing, just very slowly, according to the monthly Consumer Price Index.

The food at home component of the monthly Consumer Price Index declined 0.2% in April compared to March, another signal that spiraling food costs are being brought under control. However, the food away from home index rose 0.3% over the month.

Overall, the U.S. Bureau of Labor Statistics’ Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in April on a seasonally adjusted basis, after rising 0.4% in March. Over the last 12 months, the all-items index increased 3.4% before seasonal adjustment. The government data was released May 15.

The two indexes that contributed most to the April increase were shelter gasoline. Combined, these two indexes contributed more than 70% of the monthly increase in the index for all items. The energy index rose 1.1% over the month. Other categories that rose were motor vehicle insurance, medical care, apparel and personal care.

Combining the food at home decline with the food away from home increase, the compounded food index was unchanged in April.

The index for all items less food and energy – two volatile line items that often are subtracted out -- rose 0.3% in April, after rising 0.4% in each of the three preceding months. Indexes which increased in April include shelter, motor vehicle insurance,

For the 12 months ending in April, the all items index rose 3.4%, a smaller increase than the 3.5% increase for the 12 months ending March. The food index increased 2.2% over the past year.

About the Author

Dave Fusaro | Editor in Chief

Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.

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