Dairy CPI Rose 0.1% In July; Retail Cheddar Price Rose, Whole Milk Fell

The Consumer Price Index (CPI) for dairy and related products was 217.626 (1982-84=100) in July, up 0.1 percent from June and 0.9 percent higher than in July 2018, the US Bureau of Labor Statistics (BLS) reported Tuesday.

During the first seven months of 2019, the dairy CPI ranged from a low of 216.595 in February to a high of 217.841 in May.

July’s CPI for all items was 256.571, up 0.2 percent from June and 1.8 percent from July 2018. July’s CPI for food at home was 241.359, down fractionally from June but up 0.6 percent from July 2018.

The July CPI for cheese and related products was 227.813, down 0.2 percent from June and down 0.9 percent from July 2018. The cheese CPI has not been above 230 since June of 2018.

The average retail price for a pound of natural Cheddar cheese in July was $5.35, up more than 10 cents from June and up more than 28 cents from July 2018. The average retail Cheddar price has now been above $5.25 a pound for four straight months.

Average retail Cheddar prices in July by major region, with comparisons to a month earlier and a year earlier, were as follows:
Northeast: $6.13 per pound, up more than 14 cents from June and up more than 54 cents from July 2018.

Midwest: $5.05 per pound, up more than 18 cents from June but down more than 58 cents from July 2018.

South: $5.445 per pound, up more than eight cents from June
and up 48 cents from July 2018.

West: $5.18 per pound, up almost two cents from June and up 52 cents from July 2018.

The average retail price for a pound of American processed cheese in July was $3.772, down more than seven cents from June and down almost 19 cents from July 2018.

Whole Milk CPI Tops 200
July’s CPI for whole milk was 200.314, up 0.4 percent from June and 2.9 percent higher than in July 2018. That was the first time the whole milk CPI has been above 200 since July of 2017, when it was 200.185. Over the last two years, the whole milk CPI had reached a low of 193.963 in May of 2018.

July’s CPI for “milk” was 140.072 (December 1997=100), up 0.4 percent from June and 3.2 percent higher than in July 2018. That was the first time the CPI for “milk” was above 140 since March of 2017, when it was 141.3.

The July CPI for milk other than whole was 144.551, up 0.3 percent from June and 3.6 percent higher than in July of 2018.

The average retail price for a gallon of whole milk in July was $3.03, down more than two cents from June but up more than 19 cents from July of 2018.

Average retail whole milk prices in July in the three major regions reported by the BLS, with comparisons to a month earlier and a year earlier, were as follows:
Midwest: $2.21 per gallon, down less than one cent from June but up almost 12 cents from July of 2018.

South:
$3.25 per gallon, down more than six cents from June but up more than 22 cents from July of 2018.

West: $3.07 per gallon, up almost one cent from June and up 20 cents from July of 2018.
July’s CPI for butter was 248.104, up ...

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