SUPERMARKET FOOD PRICES JUMP IN JULY

WASHINGTON (FNS) -- Supermarket food prices in July increased a seasonally adjusted 0.8% compared with June, the largest jump in more than a year and well above the 0.3% increase for all consumer goods, the Labor Department recently reported in its monthly consumer price index.food prices last month increased 3.5%. The overall consumer price index showed a 2.8% rate of inflation compared with July

WASHINGTON (FNS) -- Supermarket food prices in July increased a seasonally adjusted 0.8% compared with June, the largest jump in more than a year and well above the 0.3% increase for all consumer goods, the Labor Department recently reported in its monthly consumer price index.

food prices last month increased 3.5%. The overall consumer price index showed a 2.8% rate of inflation compared with July 1993. So far this year, food prices are increasing at an annualized rate of 2.1%.

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