Persistent food inflation will extend into 2023, says USDA

The high food inflation rate this year will bleed into 2023, said the Agriculture Department on Tuesday, raising its forecast for the new year to 3.5 percent. It was the first adjustment since USDA economists began inflation forecasts for 2023 in July. “Food prices are expected to grow more slowly in 2023 than in 2022… » Read More

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