Still building lots of houses in Texas, for the newcomers.
Gasoline prices are 19.2% below a year ago and food prices — instead of soaring in the double-digit percent range as those prices did much of last year — posted more modest increases.Brandon did that!
Prices for the broad category of meat, poultry, fish and eggs were up only 1.2% from a year ago and declined 0.9% from two months ago. The D-FW consumer price index is reported every other month.
Ham and eggs, both big Easter seasonal foods, led the declines, said Julie Percival, Southwest regional economist for the Bureau of Labor Statistics. The items may have been grocery store loss leaders for the spring holiday, she said.
So maybe the apparent reduction in inflation is 'transitory'.
Regardless, food inflation in the protein category and fruits and vegetables, which increased 1.7% from a year ago and declined 1.2% from January, "are much more normal and what we would like to see," Percival said.
Just be patient!