- Recently released federal pricing analysis from the U.S. Department of Agriculture projects that food prices will continue to rise through 2024.
- The USDA pointed to the U.S. Bureau of Labor Statistics Consumer Price Index released earlier this month, which showed consumer prices overall rose 3.2% in the previous twelve months. Food prices, though rose more quickly at 4.9% during the same time.
- Now, USDA says that increase will continue.
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Food Prices To Rise Through 2024
Price of dozen of eggs is seen at a grocery store in Glenview, Ill., Tuesday, Jan. 10, 2023. Anyone going to buy a dozen eggs these days will have to be ready to pay up because the lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to prices more than doubling over the past year. (AP Photo/Nam Y. Huh)
