food prices

Online grocery buyers are spending more but buying less.  According to the Grocery Doppio Performance Report, digital sales improved in the third quarter of 2022, albeit lower than 2021 levels.  The report released this week shows 13.7% of all grocery s...

The United Nations’ Food and Agriculture Organization says food prices dropped 1.1% from August to September, marking the 6th straight monthly decline.  The drop in the Food Price Index was driven by a sharp fall in the international prices of vegetable oils and moderate decreases in those of sugar, meat, and dairy products.   Togeth...

Global food prices dropped for a fifth-straight month after a seasonal rise in supplies took place and demand dropped for some products.  The northern hemisphere wheat harvest is helping to ease supply concerns as more grain moves out of Ukraine.  A ...

By the time the year is over, how much more will we have paid at the local grocery store for our foods?   The forecast, according to Matt MacLachlan, is for a 10%-11% year over year increase.  MacLachlan tracks food prices for the USDA, and he notes the increase in prices may slow significantly in the final quarter of the year, thanks to what we saw happen in July; with declines in energy prices,

Despite economic challenges, Americans are still buying chicken.  Those findings presented at the recent 2022 Chicken Marketing Summit.  The survey showed that while consumers average rating for their current financial situation is midway between “poor” and “excellent,” 87% are buying the same amount or more of fresh chicken compared to six months ago. Chicken continues to be the h...

According to the American Farm Bureau Federation’s Market Basket Survey, the average cost of a summer cookout for ten people is $69.68, which breaks down to less than $7 per person. AFBF Chief Economist Roger Cryan said the overall cost for the cookout is up 17% year over year, for a variety of reasons. “One o...

World food prices took a small step down in April after reaching a record high in March. Reuters said global food security is still a big concern because of challenging conditions in world markets. The Food and Agriculture Organization’s food price index, which tracks the most globally-traded food commodities, averaged 158.5 poi ...

The United Nation’s Food and Agriculture Organization says its Food Price Index set a record in March. The index averaged 159.3 points, up almost 18 points from February. The 12% jump in the index during March sent it to the highest level since the index began in 1990. The ...

"At the Federal Reserve we are strongly committed to achieving maximum employment and price stability," said chairman of the Federal reserve, Jerome Powell, as he recently announced what could be the first of a series of interest rate hikes in 2022 ...

Overall, food prices increased by an average of 3.9% in 2021 compared to 2020, the highest annual increase since 2008. USDA's Economic Research Service released new data Wednesday that shows food prices grew more slowly than "all items," but more quickly than all other of the "major groups" tracked by the U ...