Retail meals costs have elevated 1.6 % within the first six months of 2021, lower than the speed over the identical interval final yr.
The Division of Agriculture’s Financial Analysis Service says the 2021 improve is the same as the historic common over the identical six months from 2000 to 2019. Within the first six months of 2021, costs for 5 meals classes elevated at a charge slower than in 2020 and years prior, together with eggs, dairy, recent greens, cereals and bakery merchandise, and “different meals.”
Conversely, costs for 3 meals classes elevated within the first six months of 2021 at a charge quicker than in 2020 and in years prior, together with recent fruits, fish and seafood, and fat and oils. Inflationary pressures differ by meals class, in response to USDA. For instance, recent fruit costs at the moment are rising greater than 4 occasions quicker than their historic common charge due to low citrus provides and elevated exports.