The BLS says the CPI rose 2.1% in December from a year ago. Food rose 1.6%. I called the BLS and filled in some numbers.
In CPI Up 0.1 Percent: How Much is the CPI Understated? I disputed the BLS’s year-over-year overall inflation figure of 2.1%, specifically citing housing and the cost of health insurance.
I found the reported food increase reasonable, others didn’t. Whether or not you find the food index believable depends on two things.
What you buy
How you shop
Reader AWC pointed out this BLS article from March of 2017: Prices for meats, poultry, fish, and eggs down 7 percent since August 2015 peak.?
I downloaded the data and started plugging in numbers for December 2017. The index numbers did not match, so I called the BLS. The person directed me to data downloads which I also found on my own. I still could not match the downloaded numbers.
What happened is the data for the the preceding chart was indexed to 2007 but the main index is to 1982.
I asked the BLS agent for year-over-year increases of items and the percentages matched.
CPI Select Food Items
I calculated all but the last row from the March article after verifying percentages with the BLS. The last row was read to me over the phone.
I created the main graph from the above chart.
How Do You Shop?
?Your percentages may vary substantially from the above chart.
Mine are cheaper because I buy items on sale and freeze them. Sale prices fluctuate less than non-sale prices.
Properly wrapped food will last a year or more.
Reader Comments
Sechel: I just looked up the data. so i don’t know how they compute these indices, how geography plays a role or what constitutes fish, but i can only tell you in my corner of the world the west side of manhattan, prices for fish are up. not to be a snob, i don’t eat tilapia and flounder, i consume arctic char, sockeye salmon, yellow fin tuna, branzino, and fresh sardines and prices are guaranteed to go up $1-$2 a pound per year.
JLS: My yesterday’s grocery shopping included 7 zucchinis at 99c the bag (great for ratatouille); 6 tomatoes at 99c the bag; a 12 oz loaf of rye bread at 49c (good enough for toast), and much else. My local TJ sells a dozen large eggs at $1.49 (or sometimes less). It’s amazing how cheaply you can live if you treat buying as a science. I live well and healthily. And my grandchildren will be instant millionaires when I die.
JiveFive: In general food prices are stable, if not lower due to sales-everyday at Jewel. Easy to find two Progresso soups for $3, Still $5.69 for 12 Bay’s English muffins, $10 for four 6 oz frozen pizzas, $10 for 48 Eggo waffles.
El-Tedo: We eat a lot of fruit in our house, and I know fruit prices are very seasonable, but they have increased enormously the past 10 years. Items like apples, peaches, plums, apricots, nectarines & oranges used to be priced by the pound, now they are typically a dollar or more a piece. Mangos are a buck fifty a piece! A quarter of a watermelon is over $5! And, don’t even think about buying a bag of cherries unless you’ve been mining some bitcoin.
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