USDA Economic Research Service Briefing Room
" "  
Link: Bypass USDA Left navigation.
Search ERS

Browse by Subject
Diet, Health & Safety
Farm Economy
Farm Practices & Management
Food & Nutrition Assistance
Food Sector
Natural Resources & Environment
Policy Topics
Research & Productivity
Rural Economy
Trade and International Markets
Also Browse By


or

""

 


 
Briefing Rooms

Food CPI, Prices, and Expenditures: CPI for Food Forecasts

For more information, see Analysis and Forecasts of the CPI for Food and What's Behind the Forecasts?

Excel iconDownload this table in Excel format.
Changes in food price indexes, 2004 through 2008 April 25, 2008
Item Relative importance1 Final 2004 Final 2005 Final
2006
Final 2007 Forecast 20082
  Percent Percent change
All food 100.0 3.4 2.4 2.4 4.0 4.0 to 5.0Red up arrow
Food away from home 44.6 3.0 3.1 3.1 3.6 3.5 to 4.5Red arrow pointing up
Food at home 55.4 3.8 1.9 1.7 4.2 4.0 to 5.0
  Meats, poultry, and fish 12.2 7.4 2.4 0.8 3.8 2.0 to 3.0
    Meats 7.9 8.4 2.3 0.7 3.3 1.5 to 2.5
      Beef and veal 3.8 11.6 2.6 0.8 4.4 2.0 to 3.0
      Pork 2.4 5.6 2.0 -0.2
2.0 1.5 to 2.5
      Other meats 1.7 4.5 2.4 1.8 2.3
0.0 to 1.0
    Poultry 2.3 7.5 2.0 -1.8
5.2
2.5 to 3.5Red arrow pointing up
    Fish and seafood 2.0 2.3 3.0 4.7 4.6
3.0 to 4.0
  Eggs 0.9 6.2 -13.7 4.9 29.2
3.0 to 4.0Red up arrow
  Dairy products 6.4 7.3 1.2 -0.6 7.4
3.0 to 4.0
  Fats and oils 1.5 6.6 -0.1 0.2 2.9 8.0 to 9.0Red up arrow
  Fruits and vegetables 8.4 3.0 3.7 4.8 3.8 3.0 to 4.0
    Fresh fruits and vegetables 6.0 3.5 3.9 5.3 3.9 3.0 to 4.0
      Fresh fruits 3.4 2.8 3.7 6.0 4.5 3.5 to 4.5
      Fresh vegetables 3.2 4.3 4.0 4.6 3.2 2.5 to 3.5
    Processed fruits and vegetables 1.8 1.3 3.3 2.9 3.6 3.5 to 4.5Red arrown pointing up
  Sugar and sweets 2.0 0.7 1.2 3.8 3.1
3.0 to 4.0Red up arrow
  Cereals and bakery products 7.4 1.6 1.5 1.8 4.4 7.5 to 8.5Red up arrow
  Nonalcoholic beverages 6.7 0.4 2.9 2.0 4.1
3.5 to 4.5
  Other foods 9.9 0.5 1.6 1.4 1.8
2.5 to 3.5
 
Market basket of farm foods:

Farm value

N.A.
11.7
-0.4
-3.1
18.3
N.A.

Farm to retail price spread

N.A.
1.7
5.2
0.4
0.9.
N.A.

Retail price

N.A.
4.2
3.9
-0.3
4.5.
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.
Note: 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.

 

For more information, contact: Ephraim Leibtag

Web administration: webadmin@ers.usda.gov

Updated date: April 25, 2008