The cost of buying goods dipped slightly along the Wasatch Front from December to January, in large part because the cost of eating out has dropped in the last month.
The Zions Bank Wasatch Front Consumer Price Index (CPI) decreased 0.1 percent from December to January on a non-seasonally adjusted basis. While prices dipped in the last month, they increased 1.8 percent in the last year, according to the monthly report. By comparison, the CPI for the entire U.S. dropped .4 percent from December to January. Analysis and data collection for the Zions Bank CPI is conducted by The Cicero Group.
The prices of groceries increased .7 percent, largely because of a sharp increase in the cost of produce and beef. But the cost of eating out dropped 1 percent due to the drop of prices at various full-price restaurants, according to the report.