For the first time since early last year, food prices aren’t rising faster than overall inflation — although dining out remains a pricey endeavor.
The latest Consumer Price Index released Tuesday showed that food prices increased 2.9% for the year ended in November, coming in below the headline inflation rate of 3.1%, according to Bureau of Labor Statistics data.
It’s the first time since January 2022 that the food index did not outpace the overall CPI.
You can thank grocery prices for that: They went up 0.1% from October to bring their annual inflation rate to a mere 1.7%, the lowest since June 2021.
Here’s how the costs of food and drink in the Mid-Atlantic and the U.S. are keeping up.
Grocery tracker: Cost of food and beverages in Mid-Atlantic states and the U.S.
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