Wholesale Food Costs Fall For Second Month In A Row In April But Remain 4.7% Higher Than Year Ago

Wholesale food prices, as measured by the “All Foods” index in the Producer Price Index, fell 1.5% month-over-month in April, the second sizeable decline in two months. The All Foods Index fell 2.3% in March. The Bureau of Labor Statistics released the latest PPI data on April 11. But while wholesale food prices have declined…