US CPI for grains and bakery products climbs


WASHINGTON, DC, U.S. — The consumer price index for bakery foods and grain products rose 1.6% in May, according to the U.S. Department of Labor’s Bureau of Labor Statistics. The index for all foods at home, meanwhile, increased by 1.3%.

Of the 18 items followed by Milling and baking news, a sister publication of World cereals17 posted month-over-month increases in May, with the exception of fresh cookies, rolls and muffins, which fell for the second consecutive month.

May’s index for grains and bakery products before seasonal adjustment was 319.9% ​​of the 1982 to 1984 average, up 11.6% from a year ago. For all foods eaten at home, the index for May was 285.9, up 11.9% from May 2021.

The strong year-over-year increases reflect the overall CPI, which rose 8.6% from a year ago.

The overall food index was also much stronger than a year ago, posting a 10.1% year-over-year increase. The 10.1% increase was the largest year-over-year increase in the food price index since it was also 10.1% in March 1981.

The CPI for grains and grain products in May was 263.8, up 1.9% from April and up 12.8% from May 2021. The commodity index for this category included: flour and prepared mixes, 274.3, up 2.1% from April and up 13.7% from the previous year; breakfast cereals, 256, up 1.3% from the previous month and 12.2% from a year ago; and rice, pasta and cornmeal, 275.4, up 2.5% from April and 12.8% from May 2021.

The bakery products price index in May was 352.3, up 1.5% from April and 11.1% from May 2021.

The May index for bread was 210.3, up 0.5% from April and up 8.7% from May 2021. Under this heading, the CPI for white bread was of 379.3, up 0.6% from April and up 8.1% from May 2021. For bread other than white, the index was 412.4, up 0 .4% compared to April and 9.2% compared to a year ago.

The price index for fresh cookies, rolls and muffins in May was 205.6, down 0.2% from April, but up 9.7% from May 2021. The index May for cakes, cupcakes and cookies was 335, up 3.1% from April and 11.8% from April. May 2021. Within this segment, other price indices included fresh cakes and cupcakes, 353.1, up 1.8% from April and 10.6% from May 2021; and cookies, 314.4, up 4% from the prior month and 12.6% from the prior year.

The CPI for other bakery products in May was 318, up 2% from April and 13.4% from May 2021. Under this heading, other price indices in May included: bread rolls fresh sweets, coffee cakes and donuts, 361.3, up 1.1% from May 2021. April and up 10.6% from May 2021; crackers and cracker products, 375.6, up 1.9% from April and 14.6% from May 2021; and frozen and chilled bakery products, pies, tarts and turnovers, 309.1, up 1.7% from April and 14.6% from a year earlier.

Source link


About Author

Comments are closed.