Retail Food Prices Expected To Rise This Year

Food - Groceries

Retail food prices ticked higher in February, up 1.5% from a year ago and 0.3% higher than in January, according to the United States Department of Agriculture.

The increase expected in food prices this year ranges from 1% to 2%, compared to a 0.4% for all of 2018.

Last year’s modest food increase was the first in three years and still below the 20-year historical average of 2%, the agency said.

Of the sixteen food specific segments monitored, ten experienced monthly price increases, while six saw price declines. The largest drops were in pork and eggs, while the largest price gains were in processed fruits and vegetables.    MORE

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