Food and beverage CPI up in October
Nov. 16, 2012
by Eric Schroeder
WASHINGTON — The Consumer Price Index for food and beverages increased 0.2 percent in October, moving up to 234.7 from 234.2, according to the Bureau of Labor Statistics of the Department of Labor. The food index also rose 0.2 percent in October.
Four of the six major grocery story groups posted increases of at least 0.4 percent in the month, led by dairy and related products and meats, poultry, fish, and eggs, both of which advanced 0.8 percent in October.
The index for fruits and vegetables, which fell 0.4 percent in September, rose 0.6 percent in October.
The index for cereals and bakery products followed up a decline of 0.1 percent in September by increasing 0.4 percent in October, according to the BLS.
For all food at home, the index increased 0.3 percent, which compared with September when the index was flat in the category.
The only decline during October was in the index for nonalcoholic beverages, which fell 0.3 percent after increasing 0.9 percent in September.
The overall Consumer Price Index, which had increased 0.6 percent in each of the past two months, rose 0.1 percent in October and has now risen 2.2 percent over the past 12 months.