July price inflation eases, but not for grocery
Food-at-home CPI up 13.1% year over year, 1.1% since June. IRI’s latest findings show that consumers are shifting away from national brands in categories where store brands are already well-known or in commodity categories.
The July Consumer Price Index (CPI) came in flat from the previous month, but inflation — up again for food — remains high historically, according to the U.S. Bureau of Labor Statistics (BLS). The month-to-month rise in the food-at-home index remained steep in 2022. All six major grocery store food group indices rose in July, BLS reported. |