Milling & Baking News - February 7, 2012 - 27

C.P.I. for baked foods, cereals rebounds to ﬁnish higher year-over-year

and 17.9% in 2008; breakfast cereal increased 3.8% after a decline of 1.2% in 2010; and rice, pasta and corn meal increased 4.3% after falling 2.4% in WASHINGTON — After finishing 3.9% in 2005. Bread other than white, 2010. On a monthly basis, the Consumer lower in 2010 for the first time in which declined 1.4% in 2010, jumped 34 years, and only the sixth time 7.1% in 2011. This compared with Price Index for baked foods and since the Bureau of Labor Statistics gains of 1.3% in 2009, 15.6% in 2008, cereal products showed strength, began tracking the category in 1936, 6.2% in 2007, 4.2% in 2006, and 4.7% finishing up 0.1% in December. The December index for Cereals and the Consumer Price Index for baked in 2005. The index for cakes, cupcakes Bakery Products before seasonal foods and cereal products rebounded in 2011, rising 3.9%. The gain follows and cookies rose 1.7% in 2011 after adjustment was 266% of the 1982-84 a loss of 0.8% in 2010, but gains of climbing 0.4% in 2010, 4.5% in 2009, average. For all food at home, the 4.4%, 10.2% and 3.2% in 2007, 2008 8.2% in 2008, 3.5% in 2007, 2.1% in December index was 230, up 0.3% from November. 2006, and 1.6% in 2005. and 2009, respectively. The C.P.I. for Cereals and Cereal The C.P.I. for other bakery Between 2007 and 2009, the C.P.I. for every category of grain- products rose 2.4% in 2011. This Products in December was 233.4, up 0.3% from November. The based foods increased in index for products within the 12-month period that this category included: ended in December, but that Consumer Price Index for Cereal flour and prepared mixes, trend changed in 2010, when and Bakery Products 243.1, up 0.4% from several categories posted (1982-84=100) November; breakfast cereal, decreases. And in 2011, every Dec. Nov. 229.3, up 0.7% from the grain-based foods category 2011 2011 previous month; and again was stronger. All cereal and bakery products rice, pasta and corn meal, The all food at home index, U.S. average 266.0 265.6 242.2, down 0.5% from which increased 0.3% in 2010, All Bakery Products 283.3 283.0 November. rose 4.8% in 2011. It marked Bread* 172.6 171.2 The price index for the second sharpest gain in White bread 313.7 309.8 Bakery Products in the past 20 years (it was 6.4% Bread other than white 336.8 332.6 December was 283.3, up in 2008). Fresh biscuits, rolls and mufﬁns* 167.9 168.0 0.1% from November. Within the Cereal and Cakes, cupcakes and cookies 265.6 266.3 The December index for Bakery Products category, Fresh cakes and cupcakes 274.8 277.4 bread was 172.6, up 0.8% every sub-category but Cookies 256.9 255.6 from November. Under cookies (up 0.2%) posted an Other bakery products 252.3 252.7 this heading, the C.P.I. for increase of greater than 1.7% white bread was 313.7, up during 2011. The sharpest Fresh sweet rolls, coffee 1.2% from November. For gain was scored in the flour cakes and donuts 268.6 271.5 bread other than white, the and prepared flour mixes Crackers and cracker products 292.4 294.0 index was 336.8, up 1.2% sub-category, which rose Frozen and refrigerated from November. 7.3%. Several categories, bakery products 262.4 258.8 The price index for including bread, white bread, All Cereals, Cereal Products 233.4 232.8 fresh biscuits, rolls and bread other than white, and All-purpose ﬂour, mixes 243.1 242.2 muffins in December was fresh biscuits, rolls, muffins, Breakfast cereals 229.3 227.7 167.9, down 0.1% from cookies, each rose more Rice, pasta, corn meal 242.2 243.3 November. The December than 5%. *December 1997 base. index for cakes, cupcakes The price index for Bakery and cookies was 265.6, Products rose 3.7% in 2011, which compared with a loss of 0.4% compared with gains of 0.5% in down 0.3% from November. Under in 2010 and increases of 3% in 2009, 2010, 4% in 2009, 7.3% in 2008, 2.3% this segment, other price indexes 10.3% in 2008 and 4.5% in 2007. Two in 2007 and 1.9% in 2006. In 2005, included fresh cakes and cupcakes, segments within this category — the category fell 0.2%. In the other 274.8, down 0.9% from November; bread and fresh biscuits, rolls and bakery products segment, fresh and cookies, 256.9, up 0.5% from the muffins — were introduced in 1998 sweet rolls, coffee cakes and donuts previous month. The C.P.I. for other bakery with a base of December 1997. All rose 4.2%; crackers and other cracker other products are based on a 1982- products rose 2.8%; and frozen and products in December was 252.3, refrigerated bakery products, pies, down 0.2% from November. Under 84 average. this heading, other price indexes In the bread segment, the index tarts and turnovers advanced 2.1%. The C.P.I. for Cereals and Cereal in December included: fresh sweet climbed 5.6% during 2011 after falling 1.7% in 2010. The index rose 1.3% in Products increased 4.4% in 2011 after rolls, coffee cakes and donuts, 268.6, 2009 and a staggering 14.6% in 2008. falling 1.9% in 2010. This compared down 1.1% from November; crackers Within the segment, white bread, with gains of 3.4% in 2009, 10.1% in and cracker products, 292.4, down which fell 2% in 2010, increased 2008, 3.9% in 2007 and 0.3% in 2006 0.5% from November; and frozen 5.1% in 2011. This compared with and 2005. Flour and prepared mixes and refrigerated bakery products, advances of 1.2% in 2009, 14.1% in jumped 7.3% after falling 3.4% in pies, tarts and turnovers, 262.4, 2008, 8.4% in 2007, 2.5% in 2006, and 2010. The index rose 2.6% in 2009 up 1.4%. MBN
bakingbusiness.com / world-grain.com Milling & Baking News February 7, 2012 / 27

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Milling & Baking News - February 7, 2012

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