For more information, see Analysis
and Forecasts of the CPI for Food and What's
Behind the Forecasts?
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Changes in food price
indexes, 2005 through 2009 |
December 23, 2008 |
Item |
Relative importance1 |
Final 2005 |
Final
2006 |
Final 2007 |
Forecast 20082 |
Forecast 20092 |
|
Percent |
Percent change |
All food |
100.0 |
2.4 |
2.4 |
4.0 |
5.0 to 6.0 |
3.5 to 4.5 |
Food away from home |
44.6 |
3.1 |
3.1 |
3.6 |
3.5 to 4.5 |
3.5 to 4.5 |
Food at home |
55.4 |
1.9 |
1.7 |
4.2 |
5.5 to 6.5 |
3.5 to 4.5 |
|
Meats, poultry, and fish |
12.2 |
2.4 |
0.8 |
3.8 |
3.0 to 4.0 |
2.0 to 3.0![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
|
|
Meats |
7.9 |
2.3 |
0.7 |
3.3 |
2.5 to 3.5 |
1.5 to 2.5![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
|
|
|
Beef and veal |
3.8 |
2.6 |
0.8 |
4.4 |
3.5 to 4.5 |
2.0 to 3.0![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
|
|
|
Pork |
2.4 |
2.0 |
-0.2
|
2.0 |
1.5 to 2.5 |
1.5 to 2.5![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
|
|
|
Other meats |
1.7 |
2.4 |
1.8 |
2.3
|
2.0 to 3.0 |
0.0 to 1.0![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
|
|
Poultry |
2.3 |
2.0 |
-1.8
|
5.2
|
4.0 to 5.0 |
1.5 to 2.5![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
|
|
Fish and seafood |
2.0 |
3.0 |
4.7 |
4.6
|
5.5 to 6.5 |
3.0 to 4.0 |
|
Eggs |
0.9 |
-13.7 |
4.9 |
29.2
|
13.5 to 14.5 |
-2.0 to -1.0![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
|
Dairy products |
6.4 |
1.2 |
-0.6 |
7.4
|
8.0 to 9.0 |
-4.0 to -3.0![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
|
Fats and oils |
1.5 |
-0.1 |
0.2 |
2.9 |
13.0 to 14.0 |
3.0 to 4.0 |
|
Fruits and vegetables |
8.4 |
3.7 |
4.8 |
3.8 |
6.0 to 7.0![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
3.5 to 4.5 |
|
|
Fresh fruits and vegetables |
6.6 |
3.9 |
5.3 |
3.9 |
5.0 to 6.0![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
4.0 to 5.0 |
|
|
|
Fresh fruits |
3.4 |
3.7 |
6.0 |
4.5 |
4.5 to 5.5![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
4.0 to 5.0 |
|
|
|
Fresh vegetables |
3.2 |
4.0 |
4.6 |
3.2 |
5.5 to 6.5![Green arrown pointing down](https://webarchive.library.unt.edu/eot2008/20090115205756im_/http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/Images/down.gif) |
3.5 to 4.5 |
|
|
Processed fruits and vegetables |
1.8 |
3.3 |
2.9 |
3.6 |
8.5 to 9.5 |
3.0 to 4.0 |
|
Sugar and sweets |
2.0 |
1.2 |
3.8 |
3.1
|
4.5 to 5.5 |
3.0 to 4.0 |
|
Cereals and bakery products |
7.4 |
1.5 |
1.8 |
4.4 |
9.0 to 10.0 |
2.5 to 3.5 |
|
Nonalcoholic beverages |
6.7 |
2.9 |
2.0 |
4.1
|
3.5 to 4.5 |
3.0 to 4.0 |
|
Other foods |
9.9 |
1.6 |
1.4 |
1.8
|
4.0 to 5.0 |
3.0 to 4.0 |
|
Market basket of farm foods: |
Farm value |
N.A. |
-0.4 |
-3.1 |
18.3 |
N.A. |
N.A. |
Farm to retail price
spread |
N.A. |
5.2 |
0.4 |
0.9. |
N.A. |
N.A. |
Retail price |
N.A. |
3.9 |
-0.3 |
4.5. |
N.A. |
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.
|
|