grocery prices

On Tuesday, Oregon senator Ron Wyden joined fellow Democrat Peter Welch of Vermont, as well as Republicans Mike Rounds  of South Dakota and Iowa's Chuck Grassley introducing legislation aimed at lowering skyrocketing grocery bills by cracking down on America’s “Big Four” meatpackers.  Tuesday’s announcement no...

According to the latest USDA Food Prices Outlook, food prices moved higher, both month-over-month and year-over-year.   "For all food prices increased by .2% in December and they were 2.5% higher than they were in December of 2023,” noted USDA economist Megan Sweitzer.  She added, when co...

In the year 2022, the food we bought at the grocery store went up in price by 11 ½% and up another 5% last year.  But what about this year?   “Grocery prices are predicted to increase by 1.2%.”  A rate of food price inflation that Megan Sweitzer, USDA economist described as very, very low.  She added that grocery price inflation ha...

In August, many consumers were happy to hear that grocery store food prices fell 0.1% from July to August.  However, the Food Price Index during September did a big bounce back, going up by almost half a percent.   “That is the highest monthly growth in grocery prices since January," noted USDA economist Megan Sweitzer.  She added the Amer...

Agriculture Department economists are predicting that this year the foods we buy at the grocery store will go up in price by an average of 1.1%.  However, “Food away from home or restaurant, prices are predicted to increase by 4.1%, noted USDA econo...

The U.S. Federal Trade Commission will look into why grocery prices are still high despite falling costs for retailers.  FTC Chair Lina Khan made the announcement during a public meeting with officials from the Justice Department on pricing practices. Whe...

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...