Wholesale food price growth remains modest

Growth in wholesale food prices remains generally contained, according to preliminary data from the Bureau of Labor Statistics. The Producer Price Index for All Foods – which represents the change in average prices paid to domestic producers for their output – edged up 0.2 percent in March.

The modest March uptick followed three consecutive monthly declines in December – February. 

Overall, average wholesale food prices stood 0.6 percent above their year-ago level in March. This represented the smallest 12-month gain in nearly a year.

Track more economic indicators and read more analysis and commentary from the Association's chief economist Bruce Grindy.