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Page added on January 17, 2015
Price of Meat, Chicken, Fish, and Eggs Hits Record High
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).
A basket of grocery goods. (AP)
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.”
(AP Photo)
“The food index rose 0.3 percent in December after a 0.2 percent increase in November,” stated the BLS. “The index for meats, poultry, fish, and eggs increased 0.3 percent as the index for beef and veal continued to rise, advancing 0.7 percent.”
In addition to rising 0.3 percent over the month, the index for meats, poultry, fish and eggs also hit a record high in December.
In January 1967, when the BLS started tracking this measure, the index for meats, poultry, fish, and eggs was 38.1. As of last December 2013, it was 239.151. In November 2014 it hit 260.247. And in December 2014 it hit a record high of 261.002, an increase of 9.1 percent in one year.
The price of ground beef, which hit a record high in November of $4.201, declined in December to $4.156.
While the price of beef declined, the price of fresh whole chicken per pound increased 0.5 percent, and grade A eggs hit a record high price.
(AP Photo)
In January 1980, when the BLS started tracking the price of this commodity, Grade A eggs cost $0.879 per pound. By this December 2014, Grade A eggs cost $2.21 per pound. A decade ago, in December 2004, Grade A eggs cost $1.199 a pound. Since then, the price has increased 84.3%.
Each month, the BLS employs data collectors to visit thousands of retail stores all over the United States to obtain information on the prices of thousands of items to measure changes for the Consumer Price Index (CPI). The CPI is simply the average change over time in prices paid by consumers for a market basket of goods and services.
8 Comments on "Price of Meat, Chicken, Fish, and Eggs Hits Record High"
Plantagenet on Sat, 17th Jan 2015 4:39 pm
Food prices are at an all time high, but the obama administration insists there is no inflation.
Hmmmmm.
I guess if you’re a federal employee with a fat expense account, then the rising price of food is no big deal.
Makati1 on Sat, 17th Jan 2015 8:06 pm
Here in Makati, rice is ~$ .45/lb. I just bought a nice cantaloupe for $ .75 but chicken is $ 1.79/lb and lean ground beef is $ 3.71/lb. (I can get a nice Black Angus steak from the US for about $10/lb if I were stupid enough to buy it.
We have food inflation also, but not in the items grown here as much as imports. My diet is changing from the American (meat and potatoes) style to the Asian (fish and rice) style and my health and budget are improved because of it.
Apneaman on Sun, 18th Jan 2015 12:15 am
WTF is up with that picture of the food basket? Is that supposed to represent the typical American diet? ROTFLMAO. The average subdivision does not even eat that much fruit and veg in a week. Where are the Little Diabetic snack cakes and the carbonated high fructose crack, the heavily salted cardboard and chewy meat byproducts?
GregT on Sun, 18th Jan 2015 12:58 am
Apnea,
According to the caption:
A basket of grocery goods. (AP)
I think that (AP) means something important, but I can’t quite get my finger on it?
Nevertheless, the photo is of ‘a basket of goods’. Nowhere in the caption is there any mention of food.
Makati1 on Sun, 18th Jan 2015 5:43 am
I wonder how many of those things will still be in America’s basket when the imports stop and California is a desert? But that can’t happen in the “exceptional nation” … can it?
Go Speed Racer on Sun, 18th Jan 2015 9:37 pm
eat hot dogs and spam. much cheaper than salmon and chicken. especially delicious with toasted wonder bread, velveeta, monsanto corn on the side. if too bland, add a little Heinz ketchup that’s loaded up with that tasty high-fructose corn syrup.
Makati1 on Mon, 19th Jan 2015 2:08 am
Go Speed, I put on 20 pounds and got a heart attack just reading your menu …. lol.
Go Speed Racer on Mon, 19th Jan 2015 6:04 am
uh oh, even if you survive the heart attack, the medical bills are lethal.