Wholesale Food Prices Fell 1.6% in January, But Prices Still 11.5% Higher For 12 Months

Food prices at the wholesale level fell 1.6% month-over-month in January, according to Producer Price Index data from the Bureau of Labor Statistics, released Jan. 16. The decline in the “All Foods” index followed a 0.7% drop in December and represented the first two-month decline in wholesale food prices in two years. But prices remain…