October CPI for food climbs 0.1%
Nov. 17, 2015
by Erica Shaffer
WASHINGTON – The Consumer Price Index (CPI) for food registered its smallest increase since May at 0.1 percent the Bureau of Labor Statistics (BLS) of the US Department of Labor reported.
The index for meats, poultry, fish and eggs fell 0.5 percent, as the index for eggs dropped 4.8 percent following sharp increases during the summer. The index for dairy and related products also declined 0.2 percent.
The CPI for fruits and vegetables advanced for the fourth consecutive month in a row by 0.5 percent, while the index for cereals and bakery products advanced 0.8 percent, its largest increase since August 2011, BLS noted.
For October, the index for food at home rose 0.1 percent after a 0.3 percent increase in September. The index for food away from home climbed 0.2 percent. For the past 12 months, the food at home index has increased 0.7 percent, while the CPI for food away from home advanced 2.9 percent over the last 12 months, BLS said.