Dairy CPI Fell 0.5% In August; Retail Cheddar, Whole Milk Prices Declined

The Consumer Price Index (CPI) for dairy and related products was 230.15 in August (1982-84=100), down 0.5 percent from July and also down 0.5 percent from August 2020, the US Bureau of Labor Statistics reported Tuesday.

That marked the fifth straight month in which the dairy CPI was above 230.

In August, the CPI for all items was 273.6, up 0.2 percent from July and 5.3 percent higher than in August 2020. The August CPI for food at home was 259.8, up 0.3 percent from July and 3.0 percent higher than in August 2020.

August’s CPI for cheese and related products was 238.7, up slightly from July but down 2.4 percent from August 2020. The cheese CPI has now been under 240 in three of the last four months.

The average retail price for a pound of natural Cheddar cheese in August was $5.34, down almost six cents from July and down almost 24 cents from August 2020. The average retail Cheddar price has now been under $5.50 per pound for five consecutive months.

Average retail Cheddar prices in the major regions in August, with comparisons to a month earlier and a year earlier, were as follows:
Northeast: $5.52 per pound, down more than 26 cents from July and down more than 51 cents from August 2020.
Midwest: $4.96 per pound, up more than eight cents from July but down almost 14 cents from August 2020.
South: $5.30 per pound, up more than three cents from July but down almost 75 cents from August 2020.
West: $5.56 per pound, down 11 cents from July but up almost 21 cents from August 2020.

In August, the average retail price for a pound of American processed cheese was $3.98, up less than one cent from July but down almost 31 cents from August 2020.

Retail Whole Milk Price Drops
August’s CPI for whole milk was 224.4, down 0.9 percent from July but 2.9 percent higher than in August 2020. August marked the fourth straight month in which the ...

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