Articles Tagged with ''consumer price index''

Supermarket prices shot up a seasonally adjusted 1.4% in May, led by soaring costs for dairy products, and have risen 11.9% over the past 12 months, according to the latest Consumer Price Index.

Higher prices for meat and other foods are helping fuel the inflation that is pinching consumers.  Supermarket prices rose 0.8% in June, driven by a 2.5% increase for meat, poultry, fish, and eggs. Beef prices rose 4.5% last month.

The government’s Consumer Price Index and Producer Price Index reports are forecasting a 6-to-7 percent increase in egg prices for consumers this year and a 36-to-37 percent price increase for producers.