CPI for meat, poultry and pork up in July
Aug. 14, 2017
by MEAT+POULTRY Staff
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WASHINGTON – The Consumer Price Index for meats, poultry, fish, and eggs climbed 0.7 percent in July following a 0.6-percent increase in June, the Bureau of Labor Statistics (BLS) of the US Dept. of Labor reported.
The CPI for meats advanced 1.3 percent in July following a 1.0 rise in the prior month. The index for uncooked ground beef rose 1.8 percent following an increase of 2.9 percent in in June. The index for pork rebounded with a 0.6 percent increase following a 0.1 percent decline in the prior month. The index for bacon and related products was up 1.3 percent last month following a 0.3 percent gain in June.
The poultry index rose 0.1 percent after being unchanged in June, according to BLS data. The index for fresh whole chicken advanced 0.3 percent in July following a 0.2 percent gain in June, while fresh and frozen chicken parts index rose 0.4 percent after being unchanged in June. The index for other poultry, including turkey, retreated 1.0 percent in July after falling 1.9 percent in June.
The lunchmeats index rose 2.0 percent in July following a decline of 1.2 percent in June, while the frankfurters index in July jumped 6.3 percent following a 3.0 percent decline in June.
The index for food at home rose 0.3 percent over the last 12 months, BLS reported. This represents the first 12-month increase since the period ending November 2015. Additionally, five of the six major grocery store food group indexes advanced over the last 12 months, but none more than 1.0 percent, the agency said.
The food away from home index increased 0.2 percent in July and climbed 2.1 percent over the past year.