First annual decline in grocery prices since 1967

Grocery prices are forecast to rise marginally this year, following the first year of food-price deflation since 1967, said USDA’s monthly Food Price Outlook. Supermarket food prices fell by 1.3 percent in 2016, pulled down by lower prices for beef, pork, dairy and eggs, products that account for one-fifth of grocery spending. “While food-at-home prices… » Read More

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