C.P.I. for baked foods, cereals rises 0.7%

by Eric Schroeder
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WASHINGTON — The Consumer Price Index for baked foods and cereal products rose 0.7% in January, according to the Bureau of Labor Statistics of the U.S. Department of Labor. The index for all food at home also rose 0.7%.

Of the 18 items followed by Milling & Baking News, 13 posted month-over-month gains, 4 finished lower and one was unchanged.

The January index for Cereals and Bakery Products before seasonal adjustment was 271.2% of the 1982-84 average, up 0.8% from a year ago. For all food at home, the January index was 235.4, up 0.5% from January 2013.

The C.P.I. for cereals and cereal products in January was 233.8, up 1.2% from December and up 1.1% from January 2013. The index for products within this category included: flour and prepared mixes, 252.6, up 4.1% from December but down 1.8% from the previous year; breakfast cereal, 229.5, up 0.7% from the previous month and up 1.9% from a year ago; and rice, pasta and corn meal, 238.8, up 0.7% from December and up 0.1% from January 2013.

The price index for bakery products in January was 292.1, up 0.5% from December and up 0.6% from January 2013.

The January index for bread was 176, down 0.3% from December and down 0.1% from January 2013. Under this heading, the C.P.I. for white bread was 322.4, up 0.9% from December and up 0.9% from January 2012. For bread other than white, the index was 338, down 1.4% from December and down 1.7% from a year ago.

The price index for fresh biscuits, rolls and muffins in January was 171.1, unchanged from December and down 0.2% from January 2013. The January index for cakes, cupcakes and cookies was 272.6, down 0.4% from December but up 1% from January 2013. Under this segment, other price indexes included fresh cakes and cupcakes, 281.6, up 0.2% from December and up 1% from January 2013; and cookies, 265.1, down 1% from the previous month but up 1.4% from the previous year.

The C.P.I. for other bakery products in January was 265.6, up 2.1% from December and up 1.5% from January 2013. Under this heading, other price indexes in January included: fresh sweet rolls, coffee cakes and donuts, 295.2, up 1.7% from December and up 3.5% from January 2013; crackers and cracker products, 306.2, up 2.8% from December and up 2.2% from January 2013; and frozen and refrigerated bakery products, pies, tarts and turnovers, 269.4, up 1.3% from December but down 0.4% from the previous year.
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