Wholesale food prices were uneven in recent months

Wholesale food prices declined for the second consecutive month, according to preliminary data from the Bureau of Labor Statistics. The Producer Price Index for All Foods – which represents the change in average prices paid to domestic producers for their output – dipped 0.5 percent in January.

January’s decline followed a 0.2 percent downtick in December. However, as a result of steady gains during much of 2019, average wholesale food prices remained 2.3 percent above their year-ago level.  

Track more economic indicators and read more analysis and commentary from the Association's chief economist Bruce Grindy.