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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 19, 2024
Grocery prices rose 0.2% in December, driven in part by another spike in the cost of eggs and an increase in beef prices that helped offset declines in many other categories.
USDA economists are increasing their estimate of food price inflation this year and for 2023, saying that prices will rise more slowly next year but still above the historical average.
Charges have been dismissed against two former Pilgrim’s Pride executives in a long-running case where the Justice Department had alleged price-fixing in the poultry industry.
Food safety officials at the Department of Agriculture say new steps offered Friday will reduce salmonella contamination from poultry, but the ideas have a long path ahead of them before becoming established protocols at the nation’s processing facilities.
Supermarket prices rose another 0.7% last month, driven by continued increases in nearly every category in the store, and food costs are now up 13% over the past year.
Comments submitted to USDA revealed sharp divisions over the department's proposed rule aimed at improving transparency in poultry contracts and the tournament payment system used in the industry.
Grocery prices jumped another 1.3% in July, led by continued increases for dairy products, baked goods and other items, and are up 13.1% over the past year, the largest increase in supermarket costs in more than 43 years.
U.S. supermarket prices jumped 1% in June, led by continued increases in the cost of dairy and bakery products as well as fats and oils, helping fuel another 1.3% surge in the country's overall cost of living.
Supermarket prices shot up a seasonally adjusted 1.4% in May, led by soaring costs for dairy products, and have risen 11.9% over the past 12 months, according to the latest Consumer Price Index.
A months-long outbreak of highly pathogenic avian influenza is adding to the shock waves roiling grocery prices, but different food items are experiencing disparate impacts.