USDA predicts small food price increase in 2010 | TSLN.com
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USDA predicts small food price increase in 2010

Food prices will rise only 0.5 – 1.5 percent this year, USDA said in its most recent price forecast, which the agency says is the lowest increase since 1992.

Beef prices dropped 0.2 percent in July compared to June, but still are 6.7 percent higher than they were last July. Steak prices are 4.2 percent higher than a year ago, and ground beef is up 8.2 percent. Pork prices rose 1.6 percent in July from June, putting them 6 percent above July, 2009 figures. For this year, USDA sees pork prices increasing 3-4 percent.

Restaurant prices are predicted to go up 1-2 percent, while overall grocery prices should go up between 0.5 – 1.5 percent.

Food prices will rise only 0.5 – 1.5 percent this year, USDA said in its most recent price forecast, which the agency says is the lowest increase since 1992.

Beef prices dropped 0.2 percent in July compared to June, but still are 6.7 percent higher than they were last July. Steak prices are 4.2 percent higher than a year ago, and ground beef is up 8.2 percent. Pork prices rose 1.6 percent in July from June, putting them 6 percent above July, 2009 figures. For this year, USDA sees pork prices increasing 3-4 percent.

Restaurant prices are predicted to go up 1-2 percent, while overall grocery prices should go up between 0.5 – 1.5 percent.


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