C.P.I. for baked foods and cereals climbs 1.1%

by Eric Schroeder
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WASHINGTON — The Consumer Price Index for baked foods and cereal products rose 1.1% in January after rising 0.3% in December, according to the Bureau of Labor Statistics of the U.S. Department of Labor. The index for all food at home also finished higher, rising 1.4% after gaining 0.2% in December.

Of the 18 items tracked by Milling & Baking News, 17 posted month-over-month gains, while only one, cookies, finished lower.

The January index for Cereals and Bakery Products before seasonal adjustment was 253.3% of the 1982-84 average, up 1% from a year ago. For all food at home, the January index was 220, up 2.1% from January 2010.

The C.P.I. for cereals and cereal products in January was 220.2, up 1.1% from December and up 0.5% from January 2010. The index for products within this category included: flour and prepared mixes, 229.7, up 5.4% from December but down 0.5% from the previous year; breakfast cereal, 215.9, up 0.3% from the previous month and up 0.4% from a year ago; and rice, pasta and corn meal, 229.2, up 1.1% from December and up 1.1% from January 2010.

The price index for bakery products in January was 271, up 1% from December and up 1.3% from January 2010.

The January index for bread was 162.9, up 0.7% from December and up 2.5% from January 2010. Under this heading, the C.P.I. for white bread was 297.5, up 0.3% from December and up 2.9% from January 2010. For bread other than white, the index was 312.2, up 1.3% from December and up 2% from a year ago.

The price index for fresh biscuits, rolls and muffins in January was 159.5, up 1% from December and up 3.9% from January 2010. The January index for cakes, cupcakes and cookies was 254.4, up 0.1% from December and up 1.1% from January 2010. Under this segment, other price indexes included fresh cakes and cupcakes, 262.5, up 1% from December and up 2.7% from January 2010; and cookies, 245, down 1.5% from the previous month and down 0.4% from the previous year.

The C.P.I. for other bakery products in January was 245.2, up 2.3% from December but down 1% from January 2010. Under this heading, other price indexes in January included: fresh sweet rolls, coffee cakes and donuts, 254.2, up 0.5% from December and up 1.1% from January 2010; crackers and cracker products, 283.9, up 3.8% from December but down 1.2% from January 2010; and frozen and refrigerated bakery products, pies, tarts and turnovers, 256.3, up 1.9% from December but down 1.9% from the previous year.

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