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Retail Prices of Food, 1959-60

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Retail Prices of Food, 1959-60 RETAIL PRICES OF FOOD 1 9 5 9 ^ 6 0 INDEXES AND AVERAGE PRICES Bulletin No. 1301 November 1961 UNITED STATES DEPARTMENT OF LABOR Arthur J. Goldberg, Secretary BUREAU OF LABOR STATISTICS Ewan Claque, Commissioner For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington 25, D.C. Price 40 cents Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis PREFACE This bulletin, Retail Prices of Food 1959-60, contains statistical data on retail food prices and indexes for the period 1959-1960. Included are discussions on the trend of prices of the major food subgroups, a description of the retail food price index and speci­ fications of the items priced. This bulletin was prepared in the Bureau*s Division of Consumer Prices and Price Indexes by W. H. Zimmerman under the direction of Doris P. Rothwell, Chief, Branch of Consumer Prices. Major contributions were made by Doris K. Stevenson on the analyses of price movements and by Frances H. Briggs on the statistical tables. i i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis CONTENTS Page Summary----------------------------------------------------------------------------------- 1 Changes in retail food prices by cities------------------------------------------------- 3 Trend in prices of major food subgroups------------------------------------------------- 4 Fruits and vegetables---------------------------------------------------------------- 4 Meats, poultry, and fish------------------------------------------------------------- 10 Dairy products----------------------------------------------------------------------- 12 Cereals and bakery products---------------------------------------------------------- 14 Other foods at home------------------------------------------------------------------ 15 TABLES 1. Percent changes in retail food prices in the United States for selected periods 1 2. Percent changes in retail food prices in 20 large cities, by city and by subgroup, December 1958-December 1960----------------------------------------------------- 5 3. Indexes of retail prices of food in the United States, by commodity group, by year, 1923-60.................................................................... - 19 4. Indexes of retail prices of food in the United States, by commodity group, by month, December 1957-December 1960----------------------------------------------- 20 5. Indexes of retail prices of food by commodity group, by city for 20 large cities, by year and month, 1959 and 1960“------------------------------------------------- 21 6. Indexes of retail prices of principal foods in the United States, by month, 1959 and 1960--------------------------------------------------------------------------- 25 7. Average retail prices of principal foods in the United States, by month, 1959 and 1960........................................................................... 28 8. Annual average retail prices of principal foods by city, 1959 and 1960------------ 32 9. Estimated worktime required to buy certain food items, September 1953 and September 1960-------------------------------------------------------------------- 36 CHARTS 1. Retail prices of foods, United States, 1913-60-------------------------------------- iv 2. Retail prices for groups of foods, United States, 1953-60-------------------------- v 3. Retail prices for subgroups of meat and poultry, United States, 1947-60------------- vi 4. Retail prices for subgroups of fruits and vegetables, United States, 1947-60-------- vii 5. Retail all foods price index compared with all commodities, all items less food, and all services, United States, 1947-60------------------------------------------ viii 6. Trend of retail food prices compared with wholesale price indexes for special commodity groups, United States, 1947-60----------------------------------------- ix APPENDIX The retail food price index--- *---------------------------------------- 37 A brief description of the retail food price index--------------------------------- 37 Index base period-------------------------------------------------------------------- 37 Sample of cities--------------------------------------------------------------------- 37 Food at home---------------------------------------------------------- 38 Collection of prices-------------------------------------------------------------- 38 Processing------------------------------------------------------------------------ 39 Sample of stores------------------------------------------------------------------ 40 Sample of food items-------------------------------------------------------------- 41 Food away from home------------------------------------------------------------------ 41 Correction procedures for published price indexes and prices------------------------- 41 Prices or indexes for individual items------------------------------------------ 41 Subgroup, group, or all-items indexes-------------------------------------------- 42 Special studies--U.S. Department of Agriculture------------------------------------- 42 BLS publications--------------------------------------------------------------------- 42 APPENDIX TABLE A. List of foods and relative importance of individual foods and groups of foods included in the retail food price index, December 1950, December 1952, December 1959, and December 1960-------------------------- 43 SPECIFICATIONS Specifications for food items priced in 46 cities, as of January 1959, with changes during 1959-60-------------------------------------------------------------------- 44 i i i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chart 1 RETAIL PRICES OF FOODS United States, 1913-60 INDEX IN D E X 1 40 140 l l o 1 9 4 1 7 - 4 9 = 1 0 120 120 . / ' M i j/S V'H 4K T a ta l Food 100 1 a T n o m e " 100 j P 'A L L FC>O D S * 8 0 8 0 6 0 6 0 1 4 0 4 0 y /// A/ 'A m m j # / / / w'0n o i m r i WORLD WAR 31^ | m r | 1 VA 9,^//^<>888SS8888888 20 , 1 1 , 1 - 1 .... 1—..J . 1 20 19131915 1920 1925 1930 1935 1940 1945 1950 1955 1960 Beginning January 1953, food index includes restaurant meals and Digitized for FRASER other food bought and eaten away from home. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chart 2. RETAIL PRICES FOR GROUPS OF FOODS United States, 1953-60 1947- 49=100 1 Meats, Poultry, and Fish i n d e x 140 120 100 80 Dairy Products Fruits and Vegetables 140 120 100 80 Foods Aw ay from Home 140 120 100 80 1953 54 55 56 57 58 59 1960 1953 ’54 ’55 ’56 ’57 ’58 ’59 1960 Except where otherwise specified. _ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chart 3. RETAIL PRICES FOR SUBGROUPS OF MEAT AND POULTRY United States, 1947-60 INDEX INDEX 150 140 130 120 110 100 90 80 70 60 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chart 4. RETAIL PRICES FOR SUBGROUPS OF FRUITS AND VEGETABLES United States, 1947-60 1947- 49=100 IN D EX INDEX 170 160 150 140 130 120 110 100 90 80 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chart 6. TREND OF RETAIL FOOD PRICES COMPARED WITH WHOLESALE PRICE INDEXES FOR SPECIAL COMMODITY GROUPS United States, 1947-60 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 Wholesale foods include: processed foods, fresh and dried fruits and vegetables, and eggs. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis RETAIL PRICES OF FOOD, 1959-60 Summary The index of retail prices of foods in the U.S. Department of Labor's Consumer Price Index was 2*3 percent higher in December 1960 than in December 1958, less than half the increase of 5.1 percent in the previous 2-year period. If In December 1960, retail food prices were 21.4 percent above the 1947-49 average and 157.7 percent above the 1939 average. The rise in food prices in 1959 and 1960 was substantially less than the increase in prices for other major consumption groups in the Consumer Price Index. During this period, medical care advanced 7.0 percent; transportation, reading and recreation, and personal care, 2 to 5 percent; housing and apparel, 3 percent. 2/ The rise for food was less than half the 5.5 percent increase for services (See chart 5.) Food price changes for selected periods are shown in table 1. Table 1. Percent Changes in Retail Food Prices in the United States for Selected Periods 1939 1948 1952 December 1958 Group and subgroup to to to to 1948 1952 1960 December 1960 Total food--— ----- ---------------— ----- +121.0 +10.1 + 4.5 + 2.3 Food away from home------------- --------- <l/> (1/) (1/) + 5.5 Total food at home---------------------- - +121.0 +10.1 + 2.0 + 1.6 Cereals and bakery products-------------- + 80.8 +13.0 +17.1 + 3.7 Meats, poultry, and fish--------- ------— +155.0 + 9.5 - 5.9 - 2o2 Beef and veal-------------------------- +155.8 +19.1 - 7.3 - 1.5 Pork----------------------------------- +150.2 - 4.2 + 1.8 - 3.0 Poultry-------------------------------- +116.6 - 5.1 -28.4 0 Fish----------------------------------- +210.1 + 9.7 + 4.5 + .6 Dairy products--------------------------- +113.5 + 4.9 + 4.8 + 4.4 Fruits and vegetables-------------------- +117.1 +16.6 + 9.5 + 5.2 Frozen----- -------------------------- - <l/> (1/) + 5.8
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