USDA raises its consumer food price outlook... again
USDA has once again raised its consumer food price forecast. Economists now predict you will pay anywhere from 8.5 to 9.5 percent more this year.
The Agency originally predicted a 2-3 percent rise in consumer prices, and eggs, fats, and oils are making the biggest gains. The 20-year average for food prices is a 2.4 percent increase, making the current price hike a significant jump.