The Producer Price Index for finished consumer foods edged up by a seasonally adjusted 0.2 percent from August to September, the Bureau of Labor Statistics reported.
During the same period, beef and veal prices rose by a seasonally adjusted 2.3 percent.
Pork fell by a seasonally adjusted 6.7 percent between August and September.
On the poultry side, processed turkeys rose by a seasonally adjusted 2.2 percent, and processed young chickens rose ever so slightly, by a seasonally adjusted 0.1 percent.
For September 2012, the unadjusted index for slaughter livestock stood at 161.0, as compared to 166.4 for August and 169.4 for May. (These figures use 1982 as the baseline of 100.)
The unadjusted index for slaughter poultry in September 2012 is 217.8; it was 216.8 in August and 234.9 in May 2012.
The index for processed poultry was at 158.6 for September, up from 156.3 in August and 157.8 in May 2012.
Overall, the Producer Price Index for finished goods rose 1.1 percent last month, seasonally adjusted.
The food category of finished goods saw a seasonally adjusted 0.2 percent increase over August—the fourth consecutive increase—and a 2.1 percent increase (unadjusted) over 12 months ago.
The BLS cited higher prices for fresh fruits and melons as a major factor in the finished consumer foods index’s increase.
Source: meatingplace
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