White pan and wheat bread prices rise
July 16, 2008
by Eric Schroeder
WASHINGTON — The average price paid for white pan bread moved up 0.3c per lb in June, rebounding from a 0.3c per lb decline in May, according to the latest data from the Bureau of Labor Statistics of the U.S. Department of Labor. The price of whole wheat bread also advanced, gaining 0.9c per lb to a record 198.2c per lb.
The national average retail price of white pan bread was 137.3c according to the B.L.S. The June price for white pan bread increased 18c compared with June 2007. On a month-to-month basis, the average price for white pan bread rose in two regions —Northeast, up 3.9c and South, up 2.1c — and fell in two, West, down 2.9c and Midwest, down 2.7c. The average price in the Midwest has fallen in each of the past three months, the first time it has recorded such a sustained pace of declining prices since the period between June 2005 and October 2005.
At 198.2c per lb, the national average price for whole wheat bread was up 24.7c year-over-year.
The national average price of family flour in June was 52.9c per lb, down 0.5c from May but up 17.9c from June 2007. The month-to-month decline marked the first easing in prices in the category since October 2007, according to the B.L.S.
The national average price for spaghetti and macaroni in June was 111.7c per lb, up 1.6c from May and up 23.9c from June 2007. Chocolate chip cookies were 287.5c per lb, up 0.5c from May and up 20.5c from June 2007.