Source: Keith Good, FARM POLICY NEWS, UNIV. OF ILLINOIS, 1/5/17


Los Angeles Times writer Geoffrey Mohan reported on the front page of the business section on Friday, December 30th that, “For food shoppers, 2016 was a back-to-the-future experience, with retail prices deflating for the first time since Lyndon Johnson was president. “The year is expected to end with an annual drop of between 0.5% and 1.5% in the retail price of food prepared at home, according to the U.S. Department of Agriculture’s Economic Research Service.”

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