The given bar chart compares how the prices of bread and wheat have changed (in average percentage) in the United States between 2016 and 2022.
Overall, there is a general trend of larger changes towards higher prices over time for both products. However, there is more fluctuation in the price of bread than in wheat.
First, bread prices had a moderate negative change until 2018, after which prices increased each year, peaking in 2020 at 12 percent change. During the same period, wheat climbed to a high of a mere 4.5 percent change in 2019; the only negative change for wheat was in 2017, a difference of just -0.5 percent. In addition, the largest difference in change between wheat and bread was over 11 percent in 2020. This trend continued in the subsequent years, with bread prices rising by about 5% in 2021 and 8% in 2022, while wheat prices grew marginally by less than 1% and around 2% respectively.
In summary, bread prices in the US demonstrated a more substantial and consistent increase, especially from 2019 onwards, whereas wheat prices exhibited modest growth with occasional fluctuations.
