Cost of food up 3 percent in last year
The US Department of Labor’s Bureau of Labor Statistics released its updated consumer price index Wednesday, indicating the cost of food increased 0.3 percent in September and is up 3 percent in the past 12 months.
In all, the consumer price index increased 0.1 percent in September with the rising cost of shelter and food outweighing declines in the cost of energy.
According to the index, the food index increased—after rising 0.2 percent in August—as five of the six major grocery store food group indexes increased.
Beef and veal rose 2 percent in September and have risen 16.7 percent since January. The cost of sugar, sweets, dairy, fruits and vegetables went up as well, though the cost of fresh vegetables, cereals and bakery products declined in September.
The full report can be found here.
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