Deflation accelerates in August, led by further declines in protein

Deflation accelerates in August, led by further declines in protein

Prices for food at home during August dropped by 1.9%, marking the ninth consecutive month of year-over-year price declines, the Bureau of Labor Statistics reported Friday.

Protein deflation accelerated during the month, the bureau said, with prices on meat, poultry, fish and eggs down by 6.5% following a decline of 5.6% in July and 5% in June. The monthly decline was the 12th straight for those items. The fruits and vegetables index rose 0.3% over the span, while the five other maj

Register to view the full article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish