Source: Tom Karst, THE PACKER, 12/21/21


Grocery store food prices will increase between 2.5% and 3% this year but then increase just 1.5% to 2.5% in 2022, according to the December Food Price Outlook Report from the USDA. However, restaurant prices are increasing at a faster clip than food purchased for home consumption, the USDA said. For 2021, the USDA projects away-from-home food prices will rise between 4% and 5% this year and rise between 3% and 4% in 2022. The all-items Consumer Price Index (CPI), a measure of economywide inflation...

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