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.

Related:

Consumer Price Index jumps higher than expected; instills fear of looming recession

Consumer Price Index sees significant unexpected jump as farmers were hoping inflation had peaked

Consumer Price Index continues to break its own record






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