White pan bread price falls in November
December 16, 2008
by Eric Schroeder
WASHINGTON — The average price paid for white pan bread fell 2.4c per lb in November, according to the latest data from the Bureau of Labor Statistics of the U.S. Department of Labor. The price of whole wheat bread, meanwhile, followed up a 6.2c per lb jump in October by rising 0.6c in November.
The national average retail price of white pan bread was 137.7c according to the B.L.S. The November price for white pan bread increased 14.2c compared with November 2007. On a month-to-month basis, the average price for white pan bread rose 2.9c per lb in the South, but fell 9.1c per lb in the Northeast, 1c in the Midwest and 10.9c in the West. It marked the first time since November that prices moved lower in more than two of the four major regions.
At 201.9c per lb, the national average price for whole wheat bread was up 23.5c year-over-year.
The national average price of family flour in November was 49.4c per lb, down 2.4c from October but up 10.6c from November 2007. The loss marked the fourth straight month of declines in pricing and the fifth decline in the past six months, according to the B.L.S.
The national average price for spaghetti and macaroni in November was 114.7c per lb, down 4.2c from October but up 30.3c from November 2007. Chocolate chip cookies were 311.2c per lb, up 8.2c from October and up 36.4c from November 2007.