White pan bread, whole wheat price jump in October
November 19, 2008
by Eric Schroeder
WASHINGTON — The average price paid for white pan bread rose 2.2c per lb in October, ending two consecutive months of lower prices, 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, jumped 6.2c to eclipse 200c per lb for the first time.
The national average retail price of white pan bread was 140.1c according to the B.L.S. The October price for white pan bread increased 12.7c compared with October 2007. On a month-to-month basis, the average price for white pan bread rose 4.2c per lb in the South, 3.7c per lb in the Northeast, 1c in the Midwest and 0.5c in the West. It marked the first time since March that prices moved up in each of the four major regions.
At 201.3c per lb, the national average price for whole wheat bread was up 24.2c year-over-year.
The national average price of family flour in October was 51.8c per lb, down 1.4c from September but up 16.3c from October 2007. The loss marked the third straight month of declines in pricing and the fourth decline in the past five months, according to the B.L.S.
The national average price for spaghetti and macaroni in October was 118.9c per lb, up 4.2c from September and up 34c from October 2007. Chocolate chip cookies were 303c per lb, up 8c from September and up 33.4c from October 2007.