Wholesale food prices edged lower in December

Wholesale food prices declined in December, 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 0.1% between December 2019 and December 2020.

This represented the first 12-month decline in nearly two years, and resulted in wholesale food prices posting their sixth consecutive year of growth below 2%.

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