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Food prices increased in June

I recently embarked on a price comparison project at six of the major grocery stores in Hampton Roads.

What I found was quite surprising: Prices have declined over the past year. (More on that to come in the Daily Press on Sunday, July 21).

In the meantime, here's the reason that finding was so surprising: Food prices, on average, increased in June.

According to the federal Consumer Price Index, food at home increased by 0.2 percent in June, after a 0.3 percent decrease in May.

Here is the summary from the CPI:

"Four of the six major grocery store food group indexes posted increases. The indexes for cereals and bakery products and for meats, poultry, fish, and eggs both increased 0.4 percent. The indexes for nonalcoholic beverages and for other food at home each increased 0.2 percent in June after declining in May.

"In contrast to these increases, the indexes for fruits and vegetables and for dairy and related products both declined slightly in June, falling 0.1 percent.

"Over the last 12 months, the index for food at home has risen 0.9 percent, with all the major food group indexes increasing except nonalcoholic beverages, which declined 0.9 percent.

"The index for food away from home rose 0.2 percent in June, the same increase as in May, and has increased 2.2 percent over the last 12 months." 

Copyright © 2014, The Baltimore Sun
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