US food inflation is projected to rise three times faster than usual
United States
Published Mar 28, 2023
Tridge summary
U.S. food prices will rise 7.8% in 2023, three times the normal rate of food inflation, albeit slower than in 2022, USDA economists say in Monthly Food Price Forecast, March 27 reports the news portal Agriculture.
Original content
At the same time, the US Department of Agriculture predicts that prices for beef and pork in the country will begin to decline moderately, while growth will be observed in all other food categories. “Beef and veal prices were forecast to fall 1% in 2023, while pork prices were forecast to fall 0.8% in 2023,” US economists say. The increase in prices for other food products is estimated as follows: from 1% for fresh fruits and vegetables to 29.6% for eggs. This is in addition to a 32% rise in egg prices in 2022, which was linked to outbreaks of highly pathogenic avian influenza. “Food prices are expected ...
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