All food categories were up more than 10% in September from a year ago, with fruits and vegetables up a whopping 21.9% in D-FW.
Remember this pump price dip below $3 a gallon in Texas? Gasoline prices are creeping up again as OPEC said it would cut production by two million barrels a day. The average gasoline price was $3.323 a gallon in Texas on Wednesday and $3.377 in Dallas, according to AAA.Dallas-Fort Worth inflation remained above the U.S. average in September as higher utilities, rent and food prices pushed local inflation up 9.2% from a year ago.the government said Thursday. The month-to-month rise of 0.
The D-FW consumer price index is reported every other month. The September 9.2% figure was a slight decline from 9.4% in July, according to the Bureau of Labor Statistics’ Southwest region office.There are signs that apartment cost increases may be slowingGrocery prices remain stubbornly high, up 16.8% from a year ago in D-FW. All food categories were up more than 10% in September from a year ago, with fruits and vegetables up a whopping 21.9%.
Stores have little choice but to pass on prices from major food producers. PepsiCo, which owns Plano-based Frito-Lay, said Wednesday that its third-quarter sales increased 16% while beverage volumes were up just 3% and snack food volumes sold fell 1.5%. It’s an example of PepsiCo and Frito-Lay’s pricing power with shoppers who mostly aren’t giving up on their salty snacks and soft drinks habits as prices keep going up. Frito-Lay’s North American snack unit revenue increased 20%. That’s a lot of Doritos and Lay’s.gasoline prices moved up again when the Organization of Petroleum Exporting Countries said this month that it would cut oil production by two million barrels in November.
But price increases have subsided in some categories of goods that are more discretionary. Apparel and furniture makers are no longer hampered by supply chain issues and
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