White pan bread price slides 0.3% in August
September 16, 2008
by Eric Schroeder
WASHINGTON — The average price paid for white pan bread fell 0.3c per lb in August, 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, rose 1.7c per lb, rebounding from its sharpest month-to-month decline since plummeting 12.8c per lb in October 2005.
The national average retail price of white pan bread was 138.1c according to the B.L.S. The August price for white pan bread increased 17.1c compared with August 2007. On a month-to-month basis, the average price for white pan bread rose 2.2c per lb in the Midwest and 1.1c in the West. The average price fell 2.7c in the South and 0.8c in the Northeast.
At 195c per lb, the national average price for whole wheat bread was up 23.6c year-over-year.
The national average price of family flour in August was 53.9c per lb, down 0.5c from July but up 18.4c from August 2007. The loss marked the second decline in pricing in the past three months, according to the B.L.S.
The national average price for spaghetti and macaroni in August was 113.9c per lb, down 0.9c from July but up 27.1c from August 2007. Chocolate chip cookies were 290.2c per lb, down 9.1c from July but up 25.2c from August 2007.