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Dairy CPI Rose 0.1% In April; Retail Cheddar Price Increases, Whole Milk Price Falls Again
But Whole Milk Prices Increased In Early May, Monthly Survey By Market Administrators Finds
The Consumer Price Index (CPI) for dairy and related products was 218.315 in April (1982-84=100), up 0.1 percent from March but 2.0 percent lower than in April of 2015, the US Bureau of Labor Statistics (BLS) reported Tuesday.
The overall CPI in April was 239.261, up 0.5 percent from March and 1.1 percent higher than in April of 2015. April’s CPI for food at home was 240.635, up 0.1 percent from March but 0.3 percent lower than in April of 2015.
April’s CPI for cheese and related products was 230.003, up 0.2 percent from March but 1.3 percent lower than in April of 2015.
The average retail price for a pound of natural Cheddar cheese in April was $5.399, up more than three cents from March and up more than one cent from April of 2015. The average retail Cheddar price has now been under $5.40 per pound for five straight months, and hasn’t been above $5.50 per pound since October of 2014.
The average retail price for a pound of processed American cheese in April was $4.434, down almost three cents from March and down almost 11 cents from April of 2015.
Milk Prices Fall, Then Rise
April’s CPI for whole milk was 201.085, down 0.3 percent from March and 5.9 percent lower than in April of 2015. April’s CPI for “milk” was 139.27 (December 1997=100), down 0.8 percent from March and 5.6 percent lower than in April of 2015, while April’s CPI for milk other than whole was 142.285, down 1.4 percent from March and 5.9 percent lower than in April of 2015.
The average retail price for a gallon of whole milk in April was $3.155, down more than three cents from March and down more than 24 cents from April of 2015. That’s the lowest average retail whole milk price since April of 2010, when it was $3.14 per gallon.
Retail prices for conventional milk increased in early May, according to the monthly survey conducted by federal milk marketing order market administrators.
They conduct their retail milk price survey one day between the 1st and 10th of each month; one outlet of the largest and second largest food store chains and the largest convenience store chain are surveyed.
In early May, the average retail price for whole milk in 29 selected cities or metro areas located in federal order areas was $3.40 per gallon, up four cents from early April.
In early May, average retail whole milk prices ranged from a low of $2.46 per gallon in Indianapolis, IN, to a high of $4.37 per gallon in Philadelphia, PA.
In addition to Indianapolis, average retail whole milk prices in early May were under $3.00 per gallon in: Cincinnati, OH ($2.49 per gallon); Dallas, TX ($2.99); Denver, CO ($2.83); Detroit, MI ($2.82); Houston, TX ($2.48); Louisville, KY ($2.82); and Phoenix, AZ ($2.69).
In addition to Philadelphia, average retail whole milk prices in early May were above $4.00 per gallon in: Baltimore, MD ($4.11 per gallon); Milwaukee, WI ($4.12); and Minneapolis, MN ($4.06).
Average retail prices for reduced fat (2 percent) milk averaged $3.34 per gallon in early May, up two cents from early April. Average retail reduced fat milk prices in early May ranged from a low of $2.46 per gallon in Indianapolis to a high of $4.19 per gallon in Philadelphia.
Retail prices for whole organic milk a
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