grocery prices

A new survey finds consumers expect to pay more for groceries this year.  Progressive Grocer reports the 2023 KPMG Winter Consumer Pulse Survey shows consumers anticipate increased prices, but are looking for ways to save money.  The Survey shows consumers expect a 15% increase in grocery spending this year.  Meanwhi...

Data from USDA’s Economic Research Service shows food away from home spending varied during the first year of the COVID-19 pandemic.  In April 2020, spending at full-service restaurants declined 71% compared with April 2019.  Spending at fast-food restaurants fell 32%, and spending at all other food-away-from-home establishments dropped 41% over the same period.   Full-service res...

The FAO Food Price Index averaged 135.7 points in November 2022, virtually unchanged from October.  The index offered month-on-month decreases in the price indices for cereals, dairy and meat, nearly offsetting increases in vegetable oils and sugar.  At...

It looks like that Thanksgiving dinner is going to be more expensive this November.  Turkey prices are 73% higher than last year and analysts say they could stay that way through the holiday.  The dramatic increase is largely due to the spread of bird flu, which led to a smaller supply.  Accordi...

Senate Democrats are urging the Federal Trade Commission to investigate the proposed merger between Kroger and Albertsons.  They are concerned about the transaction's potential implications for consumers.   The group of lawmakers includes Minnesota's Amy Klobuchar, Connecticut's Richard Blumenthal and New Jersey's Cory Booker.  In a letter ...

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...

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 ...

Despite all of the hopes and prayers, the challenging economy farm country has experienced over the past couple of years continues into 2022. But Steve Nicholson with Rabobank said agriculture has weathered the storm without the damage once feared when the pandemic started, and many restaurants shut down for a time ...

World food prices rose during January and remained near ten-year highs. The United Nation’s Food and Agricultural Organization vegetable oils pushed prices higher. According to Reuters the Food Price Index tracks the most globally-traded food commodities. The ...

When purchasing meat at your local grocery store, you've probably noticed that prices have ticked higher over the last 18 months. "That's not going to slow within 2021," said USDA Economist Carolyn Chelius. She added compared to this time one year ago we're paying 12% more for beef, over 6% more for poultry, and almost 10% more for pork ...