The Consumer Price Index (CPI) released earlier this month showed a 0.1 percent increase in all consumer items in May. Adjusted on a 12-month scale, the CPI increased four percent from this time last year.
Food prices increased 0.2 percent in May with an increase of 6.7 percent compared to this time last year. Food at home increased 0.1 percent on the month and 5.8 percent on the year while food away from home increased 0.5 percent for the month and 8.3 percent on the year.
The index for meats, poultry, fish, and eggs decreased 1.2 percent in May, as the index for eggs fell 0.4 percent for the year and 13.8 percent for the month. The chicken index increased 0.9 percent from 2022 to 2023 while the change from May provided a 0.3 percent increase.
The energy index fell 3.6 percent in May after rising 0.6 percent in April. The gasoline index decreased 5.6 percent in May, following a 3.0-percent increase in the previous month.
The full CPI report can be found here.
