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Taking a look at New Year's resolutions

January 05, 2021

Happy New Year! With 2020 in the books, many people are aiming to start 2021 on the right foot by improving their lifestyle. Wanting to lose weight is a common resolution people make on New Year’s Day, as they begin to focus on their diet. Let’s look at changes in consumer prices over the past year for some of the foods many of us may have enjoyed a bit too much over the holiday season.

Consumer prices for snacks increased 3.5 percent from November 2019 to November 2020, while prices for frozen and refrigerated bakery products, pies, tarts, and turnovers decreased 0.5 percent.

12-month percent change in consumer prices for selected food items, November 2020
Food item 12-month percent change

Snacks

3.5%

Other bakery products

3.0

Sugar and sweets

2.8

Fresh biscuits, rolls, muffins

2.7

Ice cream and related products

2.6

Cookies

1.7

Cakes, cupcakes, and cookies

0.5

Frozen and refrigerated bakery products, pies, tarts, turnovers

-0.5

Prices also advanced for other bakery products (3.0 percent), sugar and sweets (2.8 percent), fresh biscuits, rolls, and muffins (2.7 percent), ice cream and related products (2.6 percent), cookies (1.7 percent), and cakes, cupcakes, and cookies (0.5 percent) for the year ended November 2020.

These data are from the Consumer Price Index program and are not seasonally adjusted. To obtain more data, visit the Consumer Price Index Databases.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Taking a look at New Year's resolutions at https://www.bls.gov/opub/ted/2021/taking-a-look-at-new-years-resolutions.htm (visited November 28, 2021).

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