Retail food price inflation lower than economy-wide inflation
From 2014 to 2018, the all-food CPI rose 4.5 percent—a smaller increase than the all-items CPI, which was 6.1 percent higher over the same time period. Food price increases were also below the 10.8-percent rise in housing costs and 11.4-percent increase in medical care costs. Increased U.S. production of agricultural commodities and a strong U.S. dollar has tempered retail food price inflation during this time period.
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