Increases are the highest in decades.
A new report from the U.S. Department of Agriculture, known as its Food Prices Outlook for 2022, indicates that people will soon be paying even more for just about everything when it comes to eating or dining out.
“All food prices are now predicted to increase,” the USDA reported. The increases are the highest in decades as grocery prices get more expensive, rising nearly 9 percent for the year.
The USDA’s Economic Research Service updated its March report predicting a 4.5 to 5 percent food price rise this year. Eating out is estimated to see the highest increase, at 5.5 percent to 6.5 percent.
Grocery prices are expected to rise between 3 and 4 percent in the coming months, and that’s on top of all the other increases consumers are facing. Fresh vegetables are the only food category expected to remain near current pricing.
As the Lord Leads, Pray with Us…
- For Secretary Vilsack to seek God’s guidance as he manages the Agriculture Department.
- For Administrator Stefanou as he heads the Economic Research Service.
- For the president and his advisors to make wise decisions in addressing inflation.
Sources: USA Today, Newsweek
