The bar chart illustrates the average annual change in the prices of bread and wheat in the United States between 2016 and 2022. Overall, both products showed a tendency towards higher price increases over the period, with bread prices exhibiting significantly greater volatility than wheat.
In detail, bread prices underwent a moderate decline until 2018, after which they rose each year, reaching a peak increase of just over 11% in 2020. During the same timeframe, wheat prices climbed to a high of only 4.5% in 2019; the sole negative change for wheat was a minimal -0.5% dip in 2017. Furthermore, the disparity between the two products was most pronounced in 2020, with a gap exceeding 11 percentage points, and bread consistently recorded higher percentage increases than wheat from that year onwards.
In conclusion, it is evident that while the prices of both commodities generally rose after 2016, the fluctuations in bread prices were far more marked than those for wheat.
