Dairy CPI: Mostly higher in May

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With the exception of ice cream, retail dairy product prices rose in May, according to unadjusted monthly Consumer Price Index (CPI) data released by the Bureau of Labor Statistics.

Overall May 2014 retail dairy product prices were +0.6% compared to April 2014, and +4.2% compared to May 2013. That compares to retail prices for all food eaten at home, which was +0.6% compared to April and +2.7% compared to the year before.

Checking out individual products (May 2014 vs. April 2014 and May 2013, respectively): fluid milk: +0.4%; +7.3% [whole milk: +0.5%; +8.5%; other milk: +0.3%; +6.0%]; cheese: +1.7%; +6.0%; butter: +0.6%; +2.7%; ice cream: -2.7%; -0.3%; and “other” dairy products: +1.2%; +0.1%.

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