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Dairy CPI Rose 0.2% In June; Retail Cheddar Price Increases, Whole Milk Price Declines


The Consumer Price Index (CPI) for dairy and related products was 216.126 in June (1982-84=100), up 0.2 percent from May and 0.4 percent higher than in June 2017, the US Bureau of Labor Statistics (BLS) reported Thursday.

The dairy CPI hasn’t been above 218 thus far in 2018, and hasn’t been above 220 since February 2017.

June’s CPI for all items stood at 251.989, up 0.2 percent from May and 2.9 percent higher than in June 2017. June’s CPI for food at home was 239.158, down 0.1 percent from May but 0.4 percent higher than in June 2017.

June’s CPI for cheese and related products was 230.961, up 0.6 percent from May and 2.0 percent higher than in June 2017. That was the highest level for the cheese CPI since February 2016, when it was 231.437.

The average retail price for a pound of natural Cheddar cheese in June was $5.234, up more than 10 cents from May and up almost 44 cents from June 2017. The average retail Cheddar price has now been above $5.00 per pound for six consecutive months.

Average retail Cheddar prices by region in June were as follows:
Northeast: $6.064 per pound, down almost five cents from May but up more than $1.63 from June 2017.
Midwest: $5.474 per pound, up almost 26 cents from May but
down five cents from June 2017.
South: $5.177 per pound, down almost six cents from May but up more than 36 cents from June 2017.
West: $4.876 per pound, up almost 17 cents per pound from May and up almost 36 cents from June 2017.

The average retail price for a pound of American processed cheese in June was $3.956, down almost seven cents from May and down 35 cents from June 2017.
That was the first time the average price for a pound of American processed cheese was under $4.00 a pound since June 2011, when it was $3.922 a pound.

Retail Whole Milk Price Declines
June’s CPI for whole milk was 194.389, up 0.2 percent from May but down 2.1 percent from June 2017. The whole milk CPI has now been under 200

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