The cost of eating out and keeping a roof over your head is still rising at a high rate in Dallas-Fort Worth.
The closely watched measure increased only 0.1% from April — continuing the steady decline in U.S. priceLocally, the average basket of groceries increased 5.6% in May from a year ago. Egg prices fell 13.8% in May as the hen supply recovered from the deadly avian flu.“We’re not seeing double-digit percent increases in food prices anymore,” Percival said.
Cereal and baked goods are the stubborn grocery aisles where the largest food increases were recorded in May. Dairy products posted a small decrease from last year. The meat, poultry, fish and eggs category was up 2.7% from a year ago May. Residential rents were up 9.1% from a year ago and continue to post some of the highest category increases in the CPI. May utility prices dropped 2.8% from a year ago mostly from a 17.7% drop in natural gas service.“There’s a lot more demand here. We saw it rising at historical levels starting in January 2021 and even sharper in November 2021,” she said.
Used car and truck prices increased 7.6% from two months ago as more of the supply is coming into balance, Leps said, but are still down 3.6% from a year ago.
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