C.P.I. for baked foods and cereals eases 0.3%

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The Consumer Price Index for baked foods and cereal products fell 0.3% in June, according to the Bureau of Labor Statistics of the U.S. Department of Labor. The index for all food at home also decreased, easing 0.3%.

Of the 18 items followed by Milling & Baking News, 14 posted month-over-month declines while 4 finished higher.

The June index for Cereals and Bakery Products before seasonal adjustment was 276.9% of the 1982-84 average, up 1.2% from a year ago. For all food at home, the June index was 241.4, up 0.9% from June 2018.

The C.P.I. for cereals and cereal products in June was 230, up 0.7% from May and up 1% from June 2018. The index for products within this category included: flour and prepared mixes, 238.5, down 0.2% from May and down 1% from the previous year; breakfast cereal, 224, up 0.5% from the previous month and up 1.6% from a year ago; and rice, pasta and corn meal, 240.6, up 1.3% from May and up 1% from June 2018.

The price index for bakery products in June was 303.8, down 0.8% from May but up 1.2% from June 2018.

The June index for bread was 182.2, down 1% from May but up 1.5% from June 2018. Under this heading, the C.P.I. for white bread was 330, down 0.9% from May but up 1.8% from June 2018. For bread other than white, the index was 355.3, down 1.3% from May but up 1.9% from a year ago.

The price index for fresh biscuits, rolls and muffins in June was 178.2, down 1.6% from May but up 0.2% from June 2018. The June index for cakes, cupcakes and cookies was 291.1, down 0.4% from May but up 0.7% from June 2018. Under this segment, other price indexes included fresh cakes and cupcakes, 318.9, up 0.3% from May and up 3% from June 2018; and cookies, 270.3, down 1% from the previous month and down 0.8% from the previous year.

The C.P.I. for other bakery products in June was 271.1, down 0.6% from May but up 1.9% from June 2018. Under this heading, other price indexes in June included: fresh sweet rolls, coffee cakes and donuts, 310.2, down 1.3% from May but up 5.4% from June 2018; crackers and cracker products, 309.5, down 0.3% from May but up 2% from June 2018; and frozen and refrigerated bakery products, pies, tarts and turnovers, 270.2, down 0.7% from May and down 0.5% from the previous year.

Source: bakingbusiness.com

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