Milling & Baking News - January 25, 2022 - 16

TUES | 01 25 202 2
CONTINUED FROM PAGE 1
Grain-based foods prices rise in
2021, lag food inflation overall
finished stronger, increasing 2.9% after
rising 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 2.6%
in 2021 after two consecutive years of
1.3% gains. The index was up 1.7% in
2018, 0.4% in 2017 and 1% in 2016.
The CPI for other bakery products
increased 2.5%, its third 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 2.1%;
crackers and other cracker products
increased 4.2%; and frozen and
refrigerated bakery products, pies,
tarts and turnovers rose 1%.
The CPI for Cereals and Cereal Products
increased 1.7% in 2020, its third
straight year of year-over-year gains
after three consecutive year-over-year
declines. Flour and prepared mixes
advanced 2.3%, which comes on the
heels of a 1.2% increase in 2020. Breakfast
cereal increased 2.5% in 2021,
which followed an increase of 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 0.6%, which
followed increases of 2.5% in 2020 and 0.8%
in both 2019 and 2018.
The CPI for fresh cakes and cupcakes
rebounded from a decline of 0.9% in 2020
to post a gain of 3% in 2021. The index
increased 2.4% in 2019, 2.2% in 2018, 1.4%
in 2017 and 2.3% in 2016.
The index for cookies rose 1.4% in 2021,
which followed gains of 2.1% in 2020, 0.9%
YEAR-OVER-YEAR CONSUMER
PRICE INDEX CHANGE
White bread
Alcoholic beverages
Bread
Soups
Bakery products
Cakes, cupcakes and cookies
Coffee
Candy and chewing gum
Non-alcoholic beverages
Bread other than white
Fruits and vegetables
Food and beverages
Meats, poultry, fish and eggs
Baked foods and cereals
Carbonated drinks
Source: Bureau of Labor Statistics
in 2019 and 0.8% in 2018.
On a monthly basis, the CPI for baked
foods and cereal products was stronger,
rising 0.5% in December.
The December CPI for Cereals and Bakery
Products before seasonal adjustment
Retail bread prices again post
mixed changes in December
WASHINGTON - The average price paid
for white pan bread decreased 1.5¢ per lb
in December, according to the latest data
from the Bureau of Labor Statistics of the
US Department of Labor. The decrease
follows a 2.1¢ per lb increase in November.
The price of whole wheat bread, meanwhile,
rose, increasing 0.5¢ per lb after
falling 8.1¢ a month ago.
The national average retail price of
white pan bread was 153.2¢, down 1.5¢ per
lb from November and down 0.6¢ from
December 2020.
At 209.9¢ per lb, the national average
16
MILLING & BAKING NEWS
price for whole wheat bread was up 0.5¢
per lb from November but down 10.4¢ per
lb from December 2020.
The national average price of family
flour in December was 38.8¢, up 0.2¢ from
November but down 6.2¢ from a year ago.
The national average price for spaghetti
and macaroni in December was
109.2¢ per lb, down 0.1¢ from November
and down 22.1¢ from December 2020.
Chocolate chip cookies were 408.9¢ per lb,
up 9¢ per lb from November and up 29.6¢
from December 2020.
The national average price of white
6.6%
4.7%
3.9%
3.8%
3.2%
2.9%
2.8%
2.8%
2.6%
2.6%
2.5%
2.2%
2.0%
1.4%
1.1%
was 297.3% of the 1982-84 average. For all
food at home, the December index was
267.6, up 0.4% from November.
The CPI for Cereals and Cereal Products
in December was 243.9, up 1.2% from
November. The index for products within
this category included: flour and prepared
mixes, 248.3, up 0.7% from November;
breakfast cereal, 241.6, up 1.4% from the previous
month; and rice, pasta and corn meal,
251.4, up 1.1% from November.
The price index for Bakery Products
in December was 328.1, up 0.1%
from November.
The December index for bread was
200.5, up 0.1% from November. Under
this heading, the CPI for white bread
was 361.1, down 0.5% from November.
For bread other than white, the index
was 393.5, up 0.6% from November.
The price index for fresh biscuits,
rolls and muffins in December was
194.4, down 1.6% from November. The
December index for cakes, cupcakes
and cookies was 307.7, up 0.7% from
November. Under this segment, other
price indexes included fresh cakes
and cupcakes, 328.7, down 0.9% from
November; and cookies, 286.1, up 1.8%
from the previous month.
The CPI for other bakery products
in December was 291.3, up 0.6% from
November. Under this heading, other
price indexes in December included:
fresh sweet rolls, coffee cakes and donuts,
337.3, down 1% from November; crackers
and cracker products, 341, up 3% from
November; and frozen and refrigerated
bakery products, pies, tarts and turnovers,
283.1, down 0.3%. MBN
long-grain rice in December was 82¢,
down 2.4¢ from November but up 3.1¢
from December 2020. MBN
AVERAGE RETAIL
BREAD PRICE
120
150
180
210
240
Jan. June
2018
Whole wheat bread
White pan bread
Jan. June
2019
Jan. June
2020
Jan. June
2021
Source: Bureau of Labor Statistics, Department of Labor
bakingbusiness.com
cents per lb
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