US CPI up for cereals and bakery products

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WASHINGTON, DC, U.S. — The consumer price index for bakery foods and grain products rose 2% in June, according to the U.S. Department of Labor’s Bureau of Labor Statistics. The month-on-month increase marks only the second time the CPI for bakery foods and grain products has exceeded 2%, with the other occasion occurring in April 2020 at the start of the coronavirus pandemic. . The index for all foods at home, meanwhile, increased by 1%.

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

The June index for grains and bakery products before seasonal adjustment was 326.4% of the 1982-1984 average, up 13.8% from a year ago. For all foods eaten at home, the index for June was 288.9, up 12.2% from June 2021.

The strong year-over-year increases reflect the overall CPI, which rose 9.1% from a year ago.

The overall food index was also much stronger than a year ago, posting a 10.4% year-over-year increase. The 10.4% increase was the largest year-over-year increase in the food index since a 10.5% increase in February 1981.

The CPI for cereals and cereal products in June was 270.4, up 2.5% from May and 15.1% from June 2021. The index for products in this category included: flour and prepared mixes, 289.4, up 5.5% from May and up 19.2%. of the previous year; breakfast cereals, 262.5, up 2.5% from the previous month and 14.2% from a year ago; and rice, pasta and cornmeal, 279, up 1.3% from May and 14.2% from June 2021.

The bakery products price index in June came in at 358.6, up 1.8% from May and 13.2% from June 2021.

The June index for bread was 213.6, up 1.6% from May and up 10.8% from June 2021. Under this heading, the CPI for white bread was of 385.9, up 1.8% from May and up 10.1% from June 2021. For bread other than white, the index was 417.9, up 1 .3% compared to May and 11.6% compared to a year ago.

The price index for fresh cookies, rolls and muffins in June was 212.6, up 3.4% from May and 13.2% from June 2021. The June index for cakes, cupcakes and cookies was 341.2, up 1.8% from May and 13.4% from May. June 2021. Within this segment, other price indices included fresh cakes and cupcakes, 363.4, up 2.9% from May and 11.6% from June 2021; and cookies, 318.4, up 1.3% from the previous month and 14.7% from the previous year.

The CPI for other bakery products in June was 321.9, up 1.2% from May and up 15.3% from June 2021. Under this heading, other Price indices in June included: fresh sweet rolls, coffee cakes and donuts, 367.3, up 1.7% from May and up 14.6% from June 2021; crackers and cracker products, 377.6, up 0.5% from May and 16.6% from June 2021; and frozen and chilled bakery products, pies, pies and turnovers, 317.9, up 2.9% from May and 17.2% from a year earlier.

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