Food-at-home CPI falls to six-year low

Food-at-home CPI falls to six-year low

The Bureau of Labor Statistics on Friday said that food deflation accelerated in June and has now declined by 1.3% over the past year, its largest 12-month decline in more than six years.

Analysts said the figures could put retail comparable-store sales at risk for the current quarter, and also impact food distributors. "We believe the steadily worsening food inflation trends will remain a headwind well into [the second half of the year], and the grocers with the weakest traffic

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