Wednesday, March 31, 2010
Numbers Indicate Increase in Consumption
(click on images to enlarge)
The Bureau of Economic Analysis (BEA) publishes Personal Consumption Expenditures (PCE)monthly. BEA has two lines for dairy - fluid and processed - which I have combined.
As can be seen form the graphs above, consumers spent a lot more after the initial shock in 2008.
The Bureau of Labor Statistics (BLS) publishes the Consumer Price Index (CPI) which indicates prices for dairy dairy products.
Put the information together and clearly, a lot more dairy product has been sold.