‘It's Horrible': Food Prices Expected to Keep Rising This Year

Australia News News

‘It's Horrible': Food Prices Expected to Keep Rising This Year
Australia Latest News,Australia Headlines
  • 📰 NECN
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 71%

The USDA is anticipating that the price of food will climb about 5% over last year, a rate not seen since the last economic downturn in 2008.

"[I] meal prep a little bit different now, just due to the fact that I can't run to the store and get the same amount that I'm used to," said Decorsie James.

The USDA is anticipating the price of food to climb about 5% this year — about 3% to 4% if shopping for food at the store, and about 5.5% to 6.5% percent when eating out. "I'm not eating out as much anymore," said Jamaica Plain resident Elizabeth Cleaveland."I definitely stopped driving my car.""I'm pretty strict about it now," she said."I used to not care."

The most impacted items are meats, poultry and dairy, while vegetables will see the lowest increase at the register, according to the latest USDA forecast. The agency pointed the war in Ukraine and the increase in interest rates as major factors that will make the market swing in 2022.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NECN /  🏆 20. in UK

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pub chain warns of higher food prices as VAT risesPub chain warns of higher food prices as VAT risesWith hospitality businesses facing soaring costs, some are warning they will have to increase prices.
Read more »

How to read a gas or electricity meter and where to submit your readingsHow to read a gas or electricity meter and where to submit your readingsEnergy price cap rise means average UK household will have to pay almost £700 per year more in utility bills so updating suppliers with accurate data on usage is vital
Read more »

What is the energy price cap and what does it mean for you?What is the energy price cap and what does it mean for you?Rising global gas prices causing dramatic increase to household bills in 2022
Read more »

Tory minister on £115,000 says cost of living increase will be 'tricky' for himTory minister on £115,000 says cost of living increase will be 'tricky' for himPolicing minister Kit Malthouse has said the cost-of-living rise will be ‘tricky’ for his household, on the same day he is set to receive a pay rise of £2,212.
Read more »

Shoppers face soaring egg prices as producers scramble to avoid collapseShoppers face soaring egg prices as producers scramble to avoid collapse🥚 Shoppers are braced for a steep rise in the price of eggs and cucumbers as industry chiefs warned that producers face collapse amid spiralling costs
Read more »



Render Time: 2025-04-11 15:32:50