WASHINGTON, D.C. (RFD NEWS) — Consumer prices edged higher in July, while grocery prices declined slightly as Americans continued to face elevated costs for food and other household expenses.
The Bureau of Labor Statistics reports the Consumer Price Index rose 0.1 percent in July after increasing 0.4 percent in June. Prices were up 3.4 percent from a year ago.
Food prices increased 0.1 percent overall during the month. However, food-at-home prices fell 0.1 percent in July and remain 2.7 percent higher than a year ago.
Meat, poultry, fish and eggs provided some relief for consumers, with prices falling 0.7 percent during the month. Pork prices declined 1.5 percent.
Fruit and vegetable prices also fell 0.1 percent in July but remain 5.1 percent higher than a year ago.
Meanwhile, food purchased away from home continued to increase, rising 0.3 percent for the month and 3.4 percent over the past year.
Energy prices fell 1.5 percent in July, led by a 2.9 percent decline in gasoline prices. Despite the monthly drop, gasoline prices remain 24.6 percent higher than a year ago.
The latest figures come as consumers continue to navigate higher living costs, while farmers and ranchers contend with their own elevated production expenses and changing commodity markets.
