After a slight rise of 0.1% in January, the meals value index inched up by 0.2% in February, in accordance with the newest CPI report. This displays various value adjustments inside meals at residence and meals away from residence.
Meals at residence
Costs for meals at residence elevated by 0.3% in February, following January’s 0.1% dip. 4 of the six main grocery retailer teams had value development for the month, of which fruit and veggies skilled the most important value enhance at 0.7%. This development stems from a 1.8% rise in recent fruit costs — the subcategory’s highest leap since March 2014.
Vegetables and fruit: +0.7% (-0.2% in January)
Meats, poultry, fish, and eggs: +0.3% (+0.5% in January)
Cereals and bakery merchandise: +0.5% (-0.8% in January)
Different meals at residence: +0.1% (-0.3% in January)
Nonalcoholic drinks: -0.1% (+0.1% in January)
Dairy and associated merchandise: -0.2% (-0.4% in January)
Over the previous yr, the meals at residence value index elevated by 3.5%, representing upward traits for all six grocery retailer teams for the interval. Worth development ranged from 2.7% (cereals and bakery merchandise, dairy and associated merchandise) to five.2% (meats, poultry, fish, and eggs).
Meals away from residence
Meals away from residence costs rose by 0.1% in February, barely lower than January’s 0.3% enhance. Restricted service and full service meals each skilled value development for the month:
Restricted service meals: +0.4% (+0.6% in January)
Full service meals: +0.3% (+0.3% in January)
Over the previous 12 months, the meals away from residence value index grew by 3.7%. Restricted service meals set a brand new report with a leap of 6.3%, its largest 12-month enhance within the historical past of the index. The rise for full service meals was a lot decrease for the interval, at 2.9%.