|
For more information, see Analysis
and Forecasts of the CPI for Food and What's
Behind the Forecasts?
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format.
| Changes in food price
indexes, 2004 through 2008 |
June 20, 2008 |
| Item |
Relative importance1 |
Final 2004 |
Final 2005 |
Final
2006 |
Final 2007 |
Forecast 20082 |
| |
Percent |
Percent change |
| All food |
100.0 |
3.4 |
2.4 |
2.4 |
4.0 |
4.5 to 5.5 |
| Food away from home |
44.6 |
3.0 |
3.1 |
3.1 |
3.6 |
3.5 to 4.5 |
| Food at home |
55.4 |
3.8 |
1.9 |
1.7 |
4.2 |
5.0 to 6.0 |
| |
Meats, poultry, and fish |
12.2 |
7.4 |
2.4 |
0.8 |
3.8 |
2.0 to 3.0 |
| |
|
Meats |
7.9 |
8.4 |
2.3 |
0.7 |
3.3 |
1.5 to 2.5 |
| |
|
|
Beef and veal |
3.8 |
11.6 |
2.6 |
0.8 |
4.4 |
2.0 to 3.0 |
| |
|
|
Pork |
2.4 |
5.6 |
2.0 |
-0.2
|
2.0 |
1.5 to 2.5 |
| |
|
|
Other meats |
1.7 |
4.5 |
2.4 |
1.8 |
2.3
|
0.0 to 1.0 |
| |
|
Poultry |
2.3 |
7.5 |
2.0 |
-1.8
|
5.2
|
3.0 to 4.0 |
| |
|
Fish and seafood |
2.0 |
2.3 |
3.0 |
4.7 |
4.6
|
3.0 to 4.0 |
| |
Eggs |
0.9 |
6.2 |
-13.7 |
4.9 |
29.2
|
10.0 to 11.0 |
| |
Dairy products |
6.4 |
7.3 |
1.2 |
-0.6 |
7.4
|
5.0 to 6.0 |
| |
Fats and oils |
1.5 |
6.6 |
-0.1 |
0.2 |
2.9 |
11.5 to 12.5 |
| |
Fruits and vegetables |
8.4 |
3.0 |
3.7 |
4.8 |
3.8 |
3.5 to 4.5 |
| |
|
Fresh fruits and vegetables |
6.0 |
3.5 |
3.9 |
5.3 |
3.9 |
3.0 to 4.0 |
| |
|
|
Fresh fruits |
3.4 |
2.8 |
3.7 |
6.0 |
4.5 |
3.5 to 4.5 |
| |
|
|
Fresh vegetables |
3.2 |
4.3 |
4.0 |
4.6 |
3.2 |
2.5 to 3.5 |
| |
|
Processed fruits and vegetables |
1.8 |
1.3 |
3.3 |
2.9 |
3.6 |
6.0 to 7.0 |
| |
Sugar and sweets |
2.0 |
0.7 |
1.2 |
3.8 |
3.1
|
4.5 to 5.5 |
| |
Cereals and bakery products |
7.4 |
1.6 |
1.5 |
1.8 |
4.4 |
9.0 to 10.0 |
| |
Nonalcoholic beverages |
6.7 |
0.4 |
2.9 |
2.0 |
4.1
|
4.5 to 5.5 |
| |
Other foods |
9.9 |
0.5 |
1.6 |
1.4 |
1.8
|
3.0 to 4.0 |
| |
| Market basket of farm foods: |
| Farm value |
N.A. |
11.7 |
-0.4 |
-3.1 |
18.3 |
N.A. |
| Farm to retail price
spread |
N.A. |
1.7 |
5.2 |
0.4 |
0.9. |
N.A. |
| Retail price |
N.A. |
4.2 |
3.9 |
-0.3 |
4.5. |
N.A. |
| 1BLS estimated expenditure
shares, December 2007.
2Forecasts updated by the 25th of each month.
N.A. = Not Available.
Sources: Historical data from Bureau of Labor Statistics;
forecasts by Economic Research Service.
Notes: Bolded entries reflect changes from the previous
month's forecast. Red arrows indicate an increase;
green arrows indicate a decrease in the forecast
from the previous month's forecast.
Because a full assessment of crop damage was not available at the time of this forecast, this update does not explicitly account for potentially higher corn and soybean prices due to crop damage from recent flooding in the Midwest. Estimates of the impact of potential supply disruptions on food prices will be included in this data series once an assessment of the flood losses becomes available. |
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