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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, April 23, 2024
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.
UC Davis Agricultural Economist Daniel Sumner saluted farmers for remaining strong and resilient by adapting and warned lawmakers to give agriculture the space to innovate.
The price consumers paid for groceries jumped 1.4% in February, helping to drive an overall increase in the Consumer Price Index of 7.9% over the past 12 months, the largest in 40 years, the Bureau of Labor Statistics reported Thursday.