Inflation Is Slowing, But Grocery Prices Anticipated To Remain High In 2023
View Source | January 26, 2023 6:08 pm
- The USDA’s Economic Research Service pointed out that last year, the cost of food increased by 9.9%, whereas groceries rose 11.4%, while eating out costs went up 7.7%. In 2023, the USDA expects to see total food costs rise by 7.1%.
- Groceries are likely to increase by 8%, and the cost of dining out is expected to go up by 8.2%.
- For eight specific food groups, the prices are projected to continue rising, even as those food items saw increases for the duration of last year.
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