The year - on -
year food inflation rate for the current month stood at 9.3 percent higher than what was recorded in October 2016 which recorded 8.7 percent, as it inched up by 6 percent.
Not exact matches
Each
year the company raises its menu prices to cover increasing
food costs, but it generally keeps those price hikes below the
rate of
inflation for «
food away from home» to stay competitive.
China's consumer
inflation rate grew at its fastest pace in six months in October as
food prices rose, while producer prices accelerated to a near - five
year high, exceeding expectations.
Food inflation could force the overall
inflation rate to much higher levels as we enter a new decade in less than two
years.
It is worth noting that the core Consumer Price Index (excluding
food and energy) stood at a
year - on -
year rate of 1.8 % in July, and that the Fed may be content to see
inflation at least trending upward — without necessarily hitting 2 % in the near term — before deciding to act.
You can see our comparison of several key
inflation measures, including the two -
year «breakeven
inflation rate», the Consumer Price Index (CPI) and the CPI excluding
food and energy, in the chart below.
The most welcome news was that the core consumer price index (CPI)-- which excludes
food and energy — rose 2.3 percent
year - over-
year in February, representing the fourth straight month of
inflation and the highest
rate since October 2008.
Notably, the
year - over-
year rate of core consumer
inflation (excluding
food and energy) ticked up to 2.1 % in March, the highest in more than a
year.
In fact, realized
inflation is decelerating: Core consumer prices, excluding
food and energy, are down to 1.9 %
year - over-
year, the slowest
rate since late 2015.
-- «The
year - on -
year rate of change in the CPI (all items less fresh
food) is likely to continue on an uptrend and increase toward 2.0 %, due mainly to an improvement in the output gap and a rise in medium - to - long term
inflation expectations.»
Two months ago, stripping out
food and energy, the
year - over-
year rate of «core» CPI
inflation was running at 2.7 %.
The NRA reported that the general state of the economy made it difficult for many restaurants to build and maintain sales volumes, while wholesale
food price
inflation reached its highest
rate — 8 percent — in 30
years.
If
food and gas prices were included in the CPI, the
rate of
inflation would be closer to 10 percent, and, at that
rate, the net purchasing power of earnings in ten
years would be less than the initial investment, meaning you would have lost money.
Rates are only going up in
years to come, which contributes to
food inflation.»
The
food and non-alcoholic beverage group also recorded a
year - on -
year inflation rate of 6.7 percent, a 0.6 percentage point higher than the March
rate.
He said it's been a unique
year for
food prices, in which
food inflation rates started above normal before entering into a period of deflation.
It is clear that the end users (customers / Patients) only bear the resultant effect of all kinds of
inflation (
food, education, healthcare); of which Healthcare
inflation is the most intimidating as it is said to grow at an alarmingly high
rate of 15 - 18 % per
year.