Wholesale Food Prices Declined Another 0.4% September To October, 12-Month Drop Reaches 3.2%

Average prices for wholesale foods according to the Bureau of Labor Statistics “all foods” index within the Producer Price Index fell 0.4% month-over-month in October. Declines in prices for most proteins, especially eggs, fresh fruits and melons, and flour and other grain-based products, offset a sharp 23%-plus increase in butter prices and a moderate 0.4%…