FMI Statement on August CPI Food Price Numbers
Today, FMI – The Food Industry Association issued the following statement in response to the latest Consumer Price Index (CPI) numbers from the Bureau of Labor Statistics, which shows a 0.6% monthly increase in food-at-home prices for August and a 2.7% rise on a year-over-year basis.
FMI Vice President of Tax, Trade, Sustainability and Policy Development Andy Harig stated, “The rise in grocery prices after remaining flat in July is likely a result of significant production cost increases in July flowing through the supply chain...
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