The latest Bureau of Labor Statistics (BLS) report shows consumer prices held steady at a 2.4% annual pace in February from the same time last year. This matches the 2.4% pace reported in the previous month. Food prices rose 3.1% annually in February, with grocery store prices rising 2.4% year-over-year.The consumer price index is a measure of the average price of a basket of goods and services in the United States. How much things cost and how quickly prices rise affect how far a dollar will stretch.See how prices on your grocery list went up or down in the grocery calculator below. Where we saw price increasesPrices in three of the six major grocery food groups increased in February, according to the BLS report. This includes the following indices: fruits and vegetablesnonalcoholic beverages other food at home, specifically candy and chewing gumThe Get the Facts Data Team analyzed average prices of common grocery items in the food index and found the largest increases for coffee and steak from the previous year.A pound of ground coffee in February costs $9.46, up from $9.37 the previous month. The average price of steak is $10.10 in the market, up from $9.84 in January. The average prices of milk and ice cream are the same as last year. A dozen large, grade A eggs costs $2.50 in February, compared to $5.90 in the previous year, when the industry was hit by avian influenza. Related video above: The February jobs report delivered a setback for the labor marketPHNjcmlwdCB0eXBlPSJ0ZXh0L2phdmFzY3JpcHQiPiFmdW5jdGlvbigpeyJ1c2Ugc3RyaWN0Ijt3aW5kb3cuYWRkRXZlbnRMaXN0ZW5lcigibWVzc2FnZSIsKGZ1bmN0aW9uKGUpe2lmKHZvaWQgMCE9PWUuZGF0YVsiZGF0YXdyYXBwZXItaGVpZ2h0Il0pe3ZhciB0PWRvY3VtZW50LnF1ZXJ5U2VsZWN0b3JBbGwoImlmcmFtZSIpO2Zvcih2YXIgYSBpbiBlLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdKWZvcih2YXIgcj0wO3I8dC5sZW5ndGg7cisrKXtpZih0W3JdLmNvbnRlbnRXaW5kb3c9PT1lLnNvdXJjZSl0W3JdLnN0eWxlLmhlaWdodD1lLmRhdGFbImRhdGF3cmFwcGVyLWhlaWdodCJdW2FdKyJweCJ9fX0pKX0oKTs8L3NjcmlwdD4=
The latest Bureau of Labor Statistics (BLS) report shows consumer prices held steady at a 2.4% annual pace in February from the same time last year. This matches the 2.4% pace reported in the previous month.
Food prices rose 3.1% annually in February, with grocery store prices rising 2.4% year-over-year.
The consumer price index is a measure of the average price of a basket of goods and services in the United States. How much things cost and how quickly prices rise affect how far a dollar will stretch.
See how prices on your grocery list went up or down in the grocery calculator below.
Where we saw price increases
Prices in three of the six major grocery food groups increased in February, according to the BLS report. This includes the following indices:
- fruits and vegetables
- nonalcoholic beverages
- other food at home, specifically candy and chewing gum
The Get the Facts Data Team analyzed average prices of common grocery items in the food index and found the largest increases for coffee and steak from the previous year.
A pound of ground coffee in February costs $9.46, up from $9.37 the previous month. The average price of steak is $10.10 in the market, up from $9.84 in January.
The average prices of milk and ice cream are the same as last year.
A dozen large, grade A eggs costs $2.50 in February, compared to $5.90 in the previous year, when the industry was hit by avian influenza.
Related video above: The February jobs report delivered a setback for the labor market
