Wednesday, November 15, 2023

Delving deeper into food inflation

The United States Bureau of Labour Statistics reports that the prices for food consumed at home were 2.1 per cent higher this year than last, but food eaten away from home cost 5.4 per cent more.


Beef prices were up 8.9 per cent, including by 7.9 per cent for ground beef), 9.7 per cent for roasts and 10.6 per cent for steaks. Veal was up by 4.1 per cent.


Pork prices were up by only three-tenths of one per cent and breakfast sausages cost 1.2 per cent less than a year ago. Pork chops were up by 4.3 per cent.


Chicken prices were down by four-tenthss of one per  cent while fresh whole chickens cost 2.3 [er cent mor. Turkey was up by 7.2 per cent.


Frankfurters, which saw record price increases last year, were up by 4.9 per cent.


As for food away from home, vending machines and mobile vendors saw the biggest price hikes of 14.9 per cent, full-service meals were up by 4.3 per cent while limited service was up by 6.2 per cent.