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Inflation up, food prices unchanged

from Southeast AgNet

Overall inflation over the last 12 months increased 2.1 percent, but food prices remain unchanged. The U.S. Bureau of Labor Statistics' Consumer Price Index for All Urban Consumers was up .3 percent in December, with gasoline prices up 3 percent. But the food-at-home index fell 0.2 percent, its eighth consecutive decrease that reflects an overall 0.2 percent decrease over the last 12 months. more


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