AS CONSUMER PRICE INDEX FALLS AND THE COST TO TRANSPORT THEM FALLS DESPITE ALL OF THIS THE CONSUMER STILL GETS STUCK WITH THE HIGH COST OF MEAT AND DAIRY PRODUCTS–THE FOOD INDEX ROSE 0.3% IN SEPTEMBER 2014

Despite a decline in the overall Consumer Price Index (CPI) in December, the food index increased and the price index for meats, poultry, fish and eggs hit a record high, according to data released today from the Bureau of Labor Statistics (BLS).

According to the BLS, “The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.4 percent in December on a seasonally adjusted basis. Over the last 12 months, the all items index increased 0.8 percent before seasonal adjustment.”

“The gasoline index continued to fall sharply, declining 9.4 percent and leading to the decrease in the seasonally adjusted all items index,” said the BLS.

“The fuel oil index also fell sharply, and the energy index posted its largest one-month decline since December 2008, although the indexes for natural gas and for electricity both increased,” said the BLS.

“The food index, in contrast, rose 0.3 percent, its largest increase since September.”

http://cnsnews.com/news/article/ali-meyer/despite-decline-cpi-food-index-increases-december