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No Food Inflation? Take A Look At Lettuce

Wednesday, April 17, 2013 - 6:17 AM
From Yahoo! Finance:
"The things that people most commonly shop for are increasing in price much more quickly than that CPI basket inflation number we're used to seeing," says Colas, singling out the spike in staples such as lettuce (+24%) and apples (+11%) in a recent note to clients.

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I have noticed rising apple prices this year. Have you noticed other big grocery price increases?
4
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Wednesday, April 17, 2013 - 7:56 AM
The fresh fruit index is up 5.5 percent from last year at this time, with apple prices up 11.1 percent, banana prices down 0.8 percent, citrus fruit prices up 2.6 percent, and other fresh fruit prices up 6.9 percent. The fresh vegetable index increased 0.6 percent in February. Since last year at this time, fresh vegetable prices are up 6.3 percent, with potato prices down 7.6 percent, lettuce prices up 24.5 percent, tomato prices up 4.6 percent, and other fresh vegetable prices up 7 percent. Vegetable prices are expected to rebound in 2013 after deflating for most of 2012.”

http://www.ers.usda.gov/data-products/food-price-outlook/summary-findings.aspx#.UW6bK8qU_Sc

That's a 5.9 percent price increase for fresh produce from last year at this time.
4
ShorebreakShorebreak2,699 posts since
Apr 6, 2010
Rep Points: 14,632
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