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.
Related Stories
Tyson expects another year of beef-segment losses due to tight cattle supplies, even as chicken, pork, and prepared foods strengthen overall margins.
A smaller U.S. turkey flock and resurgent avian flu have tightened supplies, driving prices higher even as other key holiday foods show mixed trends.
Ohio AgNet’s Dusty Sonnenberg takes us up in the cab with a popcorn farmer bringing in this year’s haul.
AFBF Economist Danny Munch shares how passing the Whole Milk for Healthy Kids Act could give the dairy industry a needed boost.
First-Ever ‘MICHELIN Guide to the American South’ Celebrates Region as a Global Culinary Destination
The first-ever “MICHELIN Guide to the American South” awards stars to top restaurants across Georgia, Louisiana, the Carolinas, and Tennessee, and pinpoints the region as a global food destination for the first time.
Expect modest relief on several produce lines, mixed protein trends into holiday buying, and softer veg-oil costs — a good week to sharpen forward buys selectively.
