Milling & Baking News - January 24, 2023 - 20

TUES | 01 24 202 3
YEAR-OVER-YEAR CONSUMER
PRICE INDEX CHANGE
Grain-based foods price indexes
post historic gains in 2022
WASHINGTON - The Consumer Price
Index for baked foods and cereal products
soared in 2022, increasing 13% after
an advance of 2.3% in 2021, 2.2% in 2020,
1.4% in 2019 and 0.4% in 2018. The gains
followed declines of 0.5% in 2017 and 0.3%
in 2016. The only other year in the past 40
years that the index increased more than
10% was in 2008, and the 2022 jump was
the sharpest since a gain of 29.9% in 1974,
according to the Bureau of Labor Statistics
of the US Department of Labor.
Overall, all 18 of the categories followed
by Milling & Baking News finished sharply
higher for the year.
The price index for Bakery Products
advanced 12.7% in 2022. The category
posted increases of 2.5% in 2021, 2.4% in
2020, 1.8% in 2019, 0.8% in 2018 and 0.1% in
2016. The index was unchanged in 2017.
Two segments within this category -
bread and fresh biscuits, rolls and muffins
- were introduced in 1998 with a base of
December 1997. All other products are
based on a 1982-84 average.
In the bread segment, the index increased
11.6% in 2022. The index increased 2% in
2021, 3.6% in 2020, 2.7% in 2019 and 0.6% in
2018 but was down 0.1% in both 2017 and
2016. Within the segment, white bread
increased 11.4%. The index was 1.1% higher
in 2021, 4.3% higher in 2020, 3% higher
in 2019 and 0.1% higher in both 2018 and
2017. Bread other than white also finished
stronger, increasing 11.9% after rising 2.9%
in 2021, 3% in 2020, 2.9% in 2019 and 1.1% in
2018. The index was down 0.2% in 2017.
The index for cakes, cupcakes and cookies
continued its upward climb, rising 12.4%
in 2022 after climbing 2.6% in 2021 and 1.3%
in both 2020 and 2019. The index was up 1.7%
in 2018, 0.4% in 2017 and 1% in 2016.
The CPI for other bakery products
increased 14.2%, its fourth consecutive
year-over-year increase, which followed
three straight years of declines between
2016-18. In the other bakery products segment,
fresh sweet rolls, coffee cakes and
donuts were up 11.8%; crackers and other
cracker products increased 16.1%; and
frozen and refrigerated bakery products,
pies, tarts and turnovers rose 15.3%.
The CPI for Cereals and Cereal Products
increased 13.8% in 2022, its fourth straight
year of year-over-year gains after three
consecutive year-over-year declines. Flour
and prepared mixes advanced 18.9%, which
comes on the heels of a 2.3% increase in 2021.
Breakfast cereal increased 12.5% in 2022,
which followed an increase of 2.5% in 2021,
1.3% in 2020 and 0.5% in 2019 but declines of
1.8% in 2018, 1.1% in 2017 and 1.1% in 2016. Rice,
pasta and corn meal increased 12.8%, which
followed increases of 0.6% in 2021, 2.5% in
2020 and 0.8% in both 2019 and 2018.
The CPI for fresh cakes and cupcakes
White bread price climbs;
whole wheat flat in December
WASHINGTON - The average price paid
for white pan bread increased 2.6¢ per lb
in December, according to the latest data
from the Bureau of Labor Statistics of the
US Department of Labor. The increase follows
a 3.3¢-per-lb increase in November.
The price of whole wheat bread, meanwhile,
held unchanged.
The national average retail price of white
pan bread was 187.3¢, up 2.6¢ per lb from
November and up 34.1¢ from December 2021.
20 MILLING & BAKING NEWS
At 241.9¢ per lb, the national average
price for whole wheat bread was
unchanged from November but up 32¢
per lb from December 2021.
The national average price of family flour
in December was 52.2¢, down 0.2¢ from
November but up 13.4¢ from a year ago.
The national average price for spaghetti
and macaroni in December was
143.4¢ per lb, up 0.6¢ from November and
up 34.2¢ from December 2021. MBN
Candy and chewing gum
Fruits and vegetables
Alcoholic beverages
Food and beverages
Meats, poultry, fish and eggs
Carbonated drinks
Non-alcoholic beverages
White bread
Cakes, cupcakes and cookies
Bread other than white
Bread
Cereals and bakery products
Bakery products
Soups
Coffee
Milk
Source: Bureau of Labor Statistics
Eggs
32.2%
14.6%
14.4%
14.0%
13.0%
12.7%
12.4%
11.9%
11.6%
11.4%
11.0%
10.9%
10.6%
9.6%
9.4%
8.5%
4.2%
increased 11.3% in 2022, which followed
a gain of 3% in 2021. The index fell 0.9% in
2020, but increased 2.4% in 2019, 2.2% in
2018, 1.4% in 2017 and 2.3% in 2016.
The index for cookies rose 12.7% in
2022, which followed gains of 1.4% in 2021,
2.1% in 2020, 0.9% in 2019 and 0.8% in 2018.
On a monthly basis, the CPI for baked
foods and cereal products was stronger,
rising 0.2% in December. Changes in the
categories tracked by Milling & Baking
News, though, were more mixed than in
recent months.
The December index for Cereals and
Bakery Products before seasonal adjustment
was 345% of the 1982-84 average. For
all food at home, the December index was
299.1, up 0.3% from November.
The CPI for Cereals and Cereal Products
in December was 282, up 0.3% from
November. The index for products within
this category included: flour and prepared
mixes, 306.5, down 0.5% from November;
and breakfast cereal, 273, up 1.1% from the
previous month.
The price index for Bakery Products in
December was 381.6, up 0.1% from November.
The December index for bread was
232.5, up 0.2% from November. Under this
heading, the CPI for white bread was 425,
up 1.3% from November. For bread other
than white, the index was 448.7, down
0.7% from November.
The price index for fresh biscuits, rolls
and muffins in December was 226.1, down
0.3% from November. The December
index for cakes, cupcakes and cookies was
360.4, up 0.3% from November. MBN
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Milling & Baking News - January 24, 2023

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