Price of Food Moves Higher in November

The USDA says the Consumer Price Index for Food moved higher in November, rising 0.5 percent from October to reach levels that are 6.1 percent higher than November 2020. The level of food price inflation varies depending on whether the food was purchased for consumption at home or away from home. The food-away-from-home, or restaurant purchases, CPI increased 0.6 percent in November 2021 and was 5.8 percent higher than November of last year. The food-at-home, or grocery store purchases, CPI increased 0.3 percent from October to November and was 6.4 percent higher than November 2020. So far this year, the year-to-date average food-at-home prices have increased 3.1 percent and food-away-from-home prices increased by 4.2 percent. The all-food Consumer Price Index combined to jump by an average of 3.6 percent. The beef and veal category had the biggest relative price increase of 8.7 percent. The vegetable category saw the smallest jump at 0.9 percent.

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