Grocery Prices Tick Back Up in Latest Inflation Report [Video]

Average grocery prices rose slightly last month, according to the latest consumer price index, reversing a months-long trend of steady or falling prices.

Overall, food prices — which includes both food at home (groceries) and restaurant purchases — increased 0.2% from May to June, according to the CPI report released July 11 from the Bureau of Labor Statistics. The CPI, which serves as a proxy for inflation, measures changes in average costs of items in a given period.

The report shows food prices are 2.2% higher than they were 12 months ago. By comparison, prices rose 5.7% over the previous one-year period in 2023. While inflation isn’t rising as fast as it once was, food still feels expensive. In fact, food prices have risen 26% since the start of 2020.

Here are the broad strokes on food prices found in the latest report:

Groceries: The index for food at home is 1.1% higher …