News

Food prices predicted to rise 0.5 to 1.5% this year

The USDA has lowered its expectations for food price growth by a half of percent in 2019. 

For the fourth year in a row, the Economic Research Service forecasts higher at-home food prices, up a half to one-and-a-half percent.

Prices for pork, other meats, eggs, fats and oil, fresh vegetables, and processed fruits and vegetable should continue to decline.  Beef and veal, poultry, fish and seafood, sugars and sweets, nonalcoholic beverages and other foods are expected to increase but at levels lower than their historical average.

USDA says increases in commodity prices, electricity and diesel are behind the increases.

Prices for food away from home are forecasts two to three percent higher.

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!