Inflation pushes higher in December

Though retail prices for fresh produce were down compared with a year ago, the inflation rate for all consumer prices ticked higher in December, the Commerce Department reports.

Shopper checking smartphone over full grocery cart
Shopper checking smartphone over full grocery cart
(Photo: stokkete, Adobe Stock)

Though retail prices for fresh produce were down compared with a year ago, the inflation rate for all consumer prices ticked higher in December, the Department of Commerce reports.

Over the last 12 months, the all-items index increased 3.4% before seasonal adjustment, according to the report.

That 3.4% year-over-year rise in December was up from the 3.1% all-items inflation number in November.

The report said the cost index for shelter continued to rise in December, contributing over half of the monthly all-items increase. The energy index rose 0.4% from November to December, as increases in the electricity index and the gasoline index more than offset a decrease in the natural gas index.

The food index increased 0.2% in December, as it did in November. The index for food at home (groceries) increased 0.1% over the month, and the index for food away from home (restaurant) rose 0.3%.

Four of the six major grocery store food group indexes increased over the month. The index for meats, poultry, fish and eggs rose 0.5% in December, led by an 8.9% increase in the index for eggs. The index for dairy and related products rose 0.3% in December. The cereals and bakery products index declined 0.3% over the month, with the breakfast cereal index declining 2.4%, the largest decrease in that index since January 2007.

The index for fruits and vegetables (fresh and processed) decreased 0.1% in December, the report said.

The restaurant index rose 0.3% in December, after rising 0.4% in November. The index for full-service meals rose 0.3%, and the index for limited-service meals increased 0.4% over the month.

Annual inflation

The consumer inflation report said the grocery food index rose 1.3% over the last 12 months, however, retail prices for fresh produce were down 0.5% compared with a year ago.

Here are the price changes for produce items reported by the Commerce Department:

  • Fresh fruits and vegetables — down 0.5%.
  • Fresh fruits — up 3.6%.
  • Apples — down 5.9%.
  • Bananas — up 1%.
  • Citrus — up 5.4%.
  • Oranges — up 5.3%.
  • Fresh vegetables: — down 4.8%.
  • Potatoes — down 2.8%.
  • Lettuce — down 16.7%.
  • Tomatoes — down 7.2%

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