US CPI for grains and baked goods continues to climb

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WASHINGTON, DC, United States — The consumer price index for bakery foods and grain products rose 2% in July, its second straight month of such a gain, according to the department’s Bureau of Labor Statistics. American Labor. The index for all foods at home, meanwhile, increased by 1.4%.

Of the 18 items followed by Milling and baking news, a sister publication of World cerealsall 18 posted month-over-month increases in July.

The July index for grains and bakery products before seasonal adjustment was 333% of the 1982-84 average, up 15% from a year ago. For all foods eaten at home, the July index was 293, up 13.1% from July 2021.

The strong year-over-year increases reflect the broader CPI, which rose 8.5% from a year ago.

The overall food index was also much stronger than a year ago, posting a 10.9% year-over-year increase. The 10.9% increase was the largest year-over-year increase in the food index since an 11.4% increase in May 1979.

The CPI for grains and grain products in July was 275.8, up 2% from June and 16.8% from July 2021. The index for products in this category included: flour and prepared mixes, 301.1, up 4% from June and up 22.7% from the prior year; breakfast cereals, 267.8, up 2% from the previous month and up 16.4% from a year ago; and rice, pasta and cornmeal, 282.5, up 1.3% from June and 14.5% from July 2021.

The bakery products price index in July was 365.9, up 2% from June and 14.2% from July 2021.

The July index for bread was 219.6, up 2.8% from June and up 13.7% from July 2021. Under this heading, the CPI for white bread was of 393.5, up 2% from June and up 12.9% from July 2021. For non-white bread, the index was 432.4, up 3.5 % compared to June and 14.3% compared to a year ago.

The price index for fresh cookies, rolls and muffins in July was 215.2, up 1.2% from June and 13.9% from July 2021. The July index for cakes, cupcakes and cookies was 346.9, up 1.7% from June and 14% from June. July 2021. Within this segment, other price indices included fresh cakes and cupcakes, 367.9, up 1.2% from June and 12.4% from July 2021; and cookies, 323.8, up 1.7% from the previous month and 14.5% from the previous year.

The CPI for other bakery products in July came in at 328.4, up 2% from June and up 14.9% from July 2021. Under this heading, the other indices of prices in July included: fresh sweet rolls, coffee cakes and donuts, 369.1, up 0.5% from June and up 12.1% from July 2021; crackers and cracker products, 391.9, up 3.8% from June and 16.8% from July 2021; and frozen and chilled bakery products, pies, pies and turnovers, 320.3, up 0.7% from June and 16.2% from a year earlier.

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