USDA significantly raises food inflation outlook for 2022

USDA has significantly raised its food inflation forecast for the year. Average prices were up 1 percent in January, followed by another 1 percent in February.

In any given year, the average food inflation is 2.4 percent. USDA says that means in just the first two months of the year, we’ve already seen a typical yearly increase.

According to USDA economist Matt MacLachlan, “For the ‘All Food’ category, we’re expecting prices to increase between 4.5 and 5.5 percent. We are predicting that food away from home prices, this is food consumed away from the household, will increase between 5.5 and 6.5 percent. Food at home, we are predicting that for the whole year they will be between 3 and 4 percent above where they were last year.”

In January, USDA predicted food prices would only rise 3 percent this year.

Among the price increases, USDA predicts poultry will increase as much as 7 percent this year, but economists say that the impact of avian flu outbreaks on domestic prices is not yet clear. It could result in decreased population or decreased access to international markets. Wholesale prices are already up 25 percent from early 2021.


Is the U.S. entering a period of sustained inflation?

Senate Ag Committee Considers Inflation as a National Emergency

A first-hand look at how inflation is impacting family ranches in Texas

Eggs Unlimited weighs in on how HPAI is affecting global poultry supplies

Agriculture Shows
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Farm Traveler is for people who want to connect with their food and those who grow it. Thanks to direct-to-consumer businesses, agritourism, and social media, it’s now easier than ever to learn how our food is made and support local farmers. Here on the Farm Traveler, we want to connect you with businesses offering direct-to-consumer products you can try at home, agritourism sites you can visit with your family, and exciting new technologies that are changing how your food is being grown.
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
Host Ben Bailey hops in the tractor cab, giving farmers 10 minutes to answer as many questions and grab as much cash as they can for their local FFA chapter.