You might see food prices increase slightly this year

Overall, food prices ended last year around two percent higher than in 2023. Looking ahead to the rest of the year, the USDA says they could see a drop.

“We are expecting them to grow by 1.3%, which is just one-tenth of a percent higher than what we saw in 2024, when grocery prices grew by 1.2%. And that’s lower than the long-term average over the past 20 years, which has seen an average annual growth of 2.6%,” said Economist Megan Sweitzer.

Egg prices, however, are expected to increase by 20% in the coming year.

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