Retail food price inflation outpaces economy-wide inflation

Retail food price inflation outpaces economy-wide inflation

While the all items CPI has risen 4.5 percent from 2012 to 2016, the all-food CPI rose 6.1 percent over the same time period, but below the 9.5 percent rise in housing costs and 11.7 percent increase in medical care costs. Livestock diseases, major weather events, and shocks to global food markets have caused price inflation for food to outpace many other consumer spending categories. Only prices for medical care and housing have risen faster than food prices.

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