The USDA’s Food Price Outlook estimates that prices at the grocery store will increase by 5%-6% in 2022. Overall, food prices were 8.8% higher in March 2022, compared to a year prior.
— its most aggressive move since 2000 — as factors putting continuing "upward and downward pressures on food prices, respectively."
Here are several foods that are likely to see the notable price increases in 2022 — and by how much, according to the USDA’s Economic Research Service:Retail prices for poultry products have been high, with "historically low stocks of frozen chicken," the outlook said. It also noted the ongoing bird flu outbreak, which could lead to price jumps due to decreased supply or a reduced drop in international demand for U.S. poultry products. by 1.9% in March 2022, following a 2.
"This trend continued in March 2022 with a 1.2-percent increase in the prices for dairy products," the report stated. Produce, fats and oils or substituting for cheaper ingredients. Specifically, Lowell suggests assessing how much effort you’re currently putting into minimizing your food spending and taking that effort up to the next level.
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