
Will Food Prices Hikes Slowdown?
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,