It's getting increasingly cheaper to eat at home.
index jumped by a faster-than-expected 3.5% last month, data showed on Wednesday. That was faster than Wall Street expected, and well above what Federal Reserve policymakers
Overall, prices were up 2.2% year over year, which may bring some comfort to inflation-weary consumers as the price pressures of key food staples moderate.Although food at home prices rose by 1.2% in March, the dining out category soared a whopping 4.2% year over year, down only slightly from 4.5% from February.Index for meats, poultry, fish, and eggs collectively rose by 0.9% in March, boosted by a 4.6% surge in the egg component.
Meanwhile, a steep 5% drop in butter prices helped cool other food at home prices, which fell by 0.5% during the month.What they're saying: " "What you will find is, if you go deeper into those numbers, the opportunities at grocery stores are improving significantly, but it is restaurants where we are still seeing a bit of high inflation," Agriculture Secretary Tom Vilsack told in his recent interview toShare on linkedin
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