Grocery food prices settle into more familiar territory in October [Yahoo! Finance]
Dollar General Corporation (DG)
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Source: Yahoo! Finance
The index for food at home remained flat in October, with only a 0.1% increase, despite five of the six major grocery store food group indexes rising compared to the previous month. In September, grocery food prices increased by 0.4%, the highest jump since January, following a series of relatively flat months, which included a 0.2% decrease in April. Bread prices rose the most in October, climbing 1.9%, while cereals and bakery products, as well as dairy and related products, both saw increases of 1%. Fruits and vegetables and nonalcoholic beverages rose by 0.4%, but the meats, poultry, fish, and eggs index dropped by 1.2%, with the index for eggs falling 6.4% for the month. Overall, the food index, which includes food away from home, increased by 0.2% in October. This news follows the Federal Reserve's announcement in October that inflation has reached its lowest point since 2021, dropping to near pre-pandemic levels. Several grocers have recently lowered food prices in a
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- 8/29/24 - Miss
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