 |
| CLICK HERE TO VIEW CURRENT ISSUE |
 |
| Best of NAMA 2025 |
|
 |
|
USDA: LOWEST FOOD COST PRICE INCREASE SINCE 1992
Aug. 27, 2010
Source: USDA news release
According to the USDA-ERS, in 2010, the Consumer Price Index for all food is projected to increase 0.5 percent to 1.5 percent -- the lowest annual food inflation rate since 1992.
Food-at-home (grocery store) prices are also forecast to increase 0.5 percent to 1.5 percent, while food-away-from-home (restaurant) prices are forecast to increase 1 to 2 percent.
Although global economies have recovered somewhat from the 2008-09 recession, world economic activity remains below pre-recession levels, resulting in overall food price inflation in 2010 remaining below historical averages.
The all-food CPI increased 1.8 percent between 2008 and 2009. Food-at-home prices increased by 0.5 percent -- the lowest annual increase since 1967 -- with dairy prices declining 6.4 percent and fresh produce prices dropping 4.6 percent, while food-away-from-home prices rose 3.5 percent in 2009.
To view the report, click here
|
|
|
|
|
