Food-at-home prices rose in February at a 10.2% annual rate, down from 11.3% the month before, the federal government reported Tuesday.
Dive Brief:
- Food-at-home prices rose in February at an 10.2% annual rate, down from the 11.3% rate recorded the month before, according to Consumer Price Index data released Tuesday by the U.S. Bureau of Labor Statistics.
- The food-at-home index was up 0.3% in February compared with January — down from the monthly increase of 0.4% recorded last month.
- Overall inflation continued to drop in February to a yearly pace of 6%, marking the smallest 12-month increase since the period ending September 2021, the BLS noted.
