Milling & Baking News - September 20, 2022 - 34

BUREAU OF LABOR STATISTICS OF THE US DEPARTMENT OF LABOR
TUES | 09 20 202 2
CPI for cereals, bakery products
still strong, but pace slows
WASHINGTON - The Consumer Price
Index for baked foods and cereal products
increased 1% in August, continuing its
upward march but easing off after two
straight months of 2% growth, according
to the Bureau of Labor Statistics of the US
Department of Labor. The index for all
food at home, meanwhile, rose 0.7% after
increasing 1.4% in July.
Of the 18 items followed by Milling &
Baking News, 15 posted month-over-month
increases and 3 posted decreases in
August.
The August index for Cereals and Bakery
Products before seasonal adjustment
was 336.4% of the 1982-84 average, up
16.4% from a year ago. For all food at home,
the August index was 295, up 13.5% from
August 2021.
The sharp year-over-year gains mirrored
the broader rate of inflation, with
the overall CPI up 8.3% from a year ago.
The overall food index also was much
stronger than a year ago, posting an
11.4% year-over-year increase. The 11.4%
increase was the food index's sharpest
year-over-year gain since a similar 11.4%
increase in May 1979.
The CPI for cereals and cereal products
in August was 277.2, up 0.5% from
July and up 17.4% from August 2021. The
index for products within this category
included: flour and prepared mixes,
306.9, up 1.9% from July and up 23.3%
from the previous year; breakfast cereal,
267.6, down narrowly from the previous
month but up 16.4% from a year ago; and
rice, pasta and corn meal, 283.9, up 0.5%
from July and up 15.7% from August 2021.
The price index for bakery products in
August was 370.5, up 1.3% from July and
up 16% from August 2021.
The August index for bread was 224.3,
up 2.2% from July and up
16.2% from August 2021.
Under this heading, the CPI
for white bread was 403.7, up
2.6% from July and up 16.4%
from August 2021. For bread
other than white, the index
was 439.8, up 1.7% from July
and up 16.1% from a year ago.
The price index for fresh
biscuits, rolls and muffins
in August was 218.2, up 1.4%
from July and up 17.1% from
August 2021.
The August index for
cakes, cupcakes and cookies
was 348.2, up 0.4% from July
and up 14.4% from August
2021. Under this segment,
other price indexes included
fresh cakes and cupcakes,
367.4, down 0.1% from July
but up 12.9% from August
2021; and cookies, 323.6,
down 0.1% from the previous
month but up 14.3% from the
previous year.
The CPI for other bakery
products in August was
332.2, up 1.2% from July and up 16.5%
from August 2021. Under this heading,
other price indexes in August included:
fresh sweet rolls, coffee cakes and
donuts, 376.5, up 2% from July and up
14.1% from August 2021; crackers and
cracker products, 393, up 0.3% from July
and up 17.7% from August 2021; and frozen
and refrigerated bakery products,
pies, tarts and turnovers, 324.9, up 1.4%
from July and up 18.1% from the previous
year. MBN
CONSUMER PRICE INDEX FOR CEREAL
AND BAKERY PRODUCTS
All Cereal and Bakery Products
All Bakery Products
Bread*
White bread
Bread other than white
Fresh biscuits, rolls and muffins*
Cakes, cupcakes and cookies
Fresh cakes and cupcakes
Cookies
Other bakery products
Fresh sweet rolls, coffee cakes
and donuts
Crackers and cracker products
Frozen and refrigerated
bakery products
All Cereals, Cereal Products
All-purpose flour, mixes
Breakfast cereal
Rice, pasta, corn meal
*December 1997 base.
White bread price rises in August
while whole wheat eases
WASHINGTON - The average price paid
for white pan bread increased 4.1¢ per lb in
August, according to the latest data from the
Bureau of Labor Statistics of the US Department
of Labor. The price of whole wheat
bread, meanwhile, declined 1.8¢ per lb.
The national average retail price of
white pan bread was 175.6¢, up 4.1¢ per lb
34 MILLING & BAKING NEWS
from July and up 28.9¢ from August 2021.
At 229.8¢ per lb, the national
average price for whole
wheat bread was down 1.8¢
per lb from July but up
22.2¢ per lb from August
2021.
The national average
AUG. JULY
2022 2022
336.4 333.0
370.5 365.9
224.3
403.7
219.6
393.5
439.8 432.4
218.2
215.2
348.2 346.9
367.4 367.9
323.6 323.8
332.2 328.4
376.5
393.0
369.1
391.9
324.9 320.3
277.2 275.8
306.9
301.1
267.6 267.8
283.9 282.5
price of family flour in August was 54.9¢, up
1.6¢ from July and up 17.8¢ from a year ago.
The national average price for spaAVERAGE
WHITE
PAN
BREAD PRICE
ghetti and macaroni in August was 136.8¢
per lb, up 1.9¢ from July and up 27.9¢ from
August 2021. Chocolate chip cookies were
467.6¢ per lb, up 2.2¢ from July and
up 61.1¢ from August 2021.
The national average price
UP 4.1¢
IN AUGUST.
of white long-grain rice in
August was 92.5¢, down
0.4¢ from July but up 14.1¢
from August 2021. MBN
bakingbusiness.com
http://www.bakingbusiness.com
Milling & Baking News - September 20, 2022

Table of Contents for the Digital Edition of Milling & Baking News - September 20, 2022
