USDA Expects Food Prices To Keep Rising

USDA officials are predicting food prices to go up by a total of 5% in 2022 – the highest single-year surge since 2008.

 
 

The agency bumped up its annual projection after seeing price jumps “across many of the food categories” over the last two months.

 
 

They project fruits and vegetables to go up 4%, dairy products to increase by 4.5%, and poultry costs to rise by 6.5%.

 
 

USDA says food inflation rate to soar, highest since 2008

Prices for common elements of the U.S. diet, from poultry and dairy to fruits and vegetables, are rising at double or triple their usual rate, said the government in forecasting the highest annual food inflation rate in 14 years.

 
 

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