Index trends continue, with hamburger prices on the rise and others falling.
Finished Goods Forecast Indices – December 2022 – December 2023 (Fig. 1)
Figure 1 – DecisionNext finished goods indices for December 2023. To see last month’s index, click here.
Key Takeaways
- The DecisionNext Index Report forecasts the trend that started back in September ’23 will continue into the new year. This December, you’ll see rising input costs for Hamburger, while costs for Hot Dogs, White Bread, and Rotisserie Chicken continue to drop. To better understand how and why this is happening, check out the (November Finished Goods Index Report)
- The last time we saw any change in this pattern was in the August DecisionNext Index Report, when Hamburger inputs decreased in value while Hot Dog inputs increased.
About the Report
Overall, the DecisionNext Finished Goods Index Report showcases the flexibility of our tool’s range of solutions. It offers multi-commodity forecasting for all three major protein groups consolidated into a single finished goods forecast. The report also shows the ability to choose the timeframe for the forecast and the option to customize recipe templates to optimize finished goods profitability.
*How the Indices are Calculated:
The index number for each finished good is calculated by taking the forecasted aggregate price for the inputs in for the upcoming month and dividing it by the historical aggregate price for those same inputs over the same time period last year. Essentially, we are using the tool to forecast the finished goods cost in a future month and then making the YoY comparison to the actual cost from the previous year.
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