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Shining Light on Farm & Food Policy for 20 Years.
Friday, July 26, 2024
House Republicans step up their latest effort to cut domestic, non-defense programs this week as they release the fiscal 2024 spending bill to fund the Agriculture Department and Food and Drug Administration.
One of the most vulnerable Democrats on the House Ag Committee is showing little sign that she’ll back the GOP farm bill the panel will consider next week.
The cost of eating at home fell 0.2% in April after supermarket prices were flat for two straight months, helping offset continued inflation in housing and energy costs.
The cost of eating at home was unchanged for the second straight month in March as lower prices for dairy and grain products offset higher costs for beef, pork, chicken and eggs.
Supermarket prices were broadly steady in February as lower costs for dairy products, fruits, pork and chicken offset increases for beef, eggs, sugar and other products.
President Joe Biden took on food companies over pricing and forcefully challenged Republicans and Donald Trump over the border, the economy, China and other issues in the last State of the Union address of his term.
Grocery prices rose just 0.1% in December for the second month in a row and are up 1.3% year over year as food inflation continues to moderate, according to the latest Consumer Price Index.
Food prices are on track to return to normal levels this year, as consumers can expect to see softened food-at-home costs after years of high inflation pushing prices up, economists project.
In an inflationary environment, food prices tend to shoot up like rockets and come down like feathers, and food economists believe that will continue to be the case in keeping food prices from going down heading into the holidays and 2024.
