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Food Prices Expected To Go Up 3%, The Highest Increase Since 2011 - CBS Losangeles
Groceries are taking a bigger bite of household budgets these days.
According to Fern’s AG Insider, the USDA predicts grocery prices will rise 3% on average this year, the highest increase the U.S. has seen since 2011.
With so many people working and staying close to home, grocery prices are rising faster than food costs from restaurants and food chains. Since the coronavirus outbreak started in the spring, demand for meat, poultry and fish has been up, and prices for those items are up across the board.
Prices are also up for staples like eggs, bread, dairy items, and fruit and vegetables.
Groceries are taking a bigger bite of household budgets these days.
According to Fern’s AG Insider, the USDA predicts grocery prices will rise 3% on average this year, the highest increase the U.S. has seen since 2011.
With so many people working and staying close to home, grocery prices are rising faster than food costs from restaurants and food chains. Since the coronavirus outbreak started in the spring, demand for meat, poultry and fish has been up, and prices for those items are up across the board.
Prices are also up for staples like eggs, bread, dairy items, and fruit and vegetables.