Inflation surges in April report

The U.S. Consumer Price Index for All Urban Consumers increased 0.8% in April on a seasonally adjusted basis after rising 0.6% in March, the U.S. Bureau of Labor Statistics reported.

Lemons and limes retail.png
Lemons and limes retail.png
(File image)

The U.S. Consumer Price Index for All Urban Consumers increased 0.8% in April on a seasonally adjusted basis after rising 0.6% in March, the U.S. Bureau of Labor Statistics reported.

Over the last 12 months, the-all items index increased 4.2% before seasonal adjustment. This is the largest 12-month increase since a 4.9% increase for the period ending September 2008.

The report said food index increased 0.4% in April. The index for food at home also rose 0.4% over the month as all six major grocery store food group indexes increased. The index for fruits and vegetables rose 0.8% in April as the index for fresh fruits increased 1.5%. The index for dairy and related products rose 0.6%, and the index for meats, poultry, fish, and eggs rose 0.5% over the month. The index for cereals and bakery products increased 0.4% and the index for nonalcoholic beverages rose 0.3% in April. The index for other food at home rose 0.1% over the month.

The food away from home index continued to rise, increasing 0.3% in April. The index for limited-service meals rose 0.5%, while the index for full-service meals increased 0.2% in April; both increases were the same as in March.

The food at home index increased 1.2% over the past 12 months. All six major grocery store food group indexes increased over the period. The largest increase was the fruits and vegetables index, which rose 3.3%. Several groups posted increases of less than 1%, including dairy and related products (0.6%), other food at home (0.4%), nonalcoholic beverages (0.2%), and cereals and bakery products (0.1%).

The index for food away from home rose 3.8% over the last year. The index for limited-service meals rose 6.2%, and the index for full-service meals rose 3.7% over the last 12 months. The index for food at employee sites and schools fell sharply over the last 12 months, declining 35.2%.

The Packer logo (567x120)
Related Stories
Driven by surging consumer demand for local produce, retailers and state agricultural branding programs are expanding initiatives to keep homegrown produce front and center for shoppers.
The company has launched a “Cooking with Antoni” sweepstakes, a summer promotion partnering with the Emmy-winning television personality and New York Times bestselling author to drive value-added salad volume through experiential prizes, including a virtual cooking session.
Bipartisan legislation heading to Gov. Mikie Sherrill’s desk aims to protect consumers from real-time price gouging and safeguard union grocery jobs.
Read Next
As the government prepares to renegotiate USMCA, the California Avocado Commission has launched an advocacy campaign calling for a seasonal tariff rate quota on Mexican imports from March through September, aimed at preventing oversupply and protecting the viability of domestic growers.
Get Daily News
GET MARKET ALERTS
Get News & Markets App