Food Prices Likely to Rise in 2017

Lower commodity and energy prices and dropping ag export totals have meant a decline in food prices in 2016 for the first time in 50 years.

The USDA’s AnneMarie Kuhns  said shoppers won’t be so lucky next year.

“We’re currently expecting prices to rise by one to two percent.”

Unfortunately it’s not because prices for agriculture products are expected to rise, but rather energy costs along with more food exports that will leave fewer products in the marketplace.

Kuhns says while some products may see a price drop such as salad dressing, fresh vegetables and eggs, “Beef, veal, poultry and dairy prices are all expected to rise in 2017.”