US food price increase steady at 3 pct

In a monthly update, the Agriculture Department stuck to its forecast of a 3 pct annual increase in food prices this year. That’s close to the 2.8 pct avg since 1990 but the highest since 2011. USDA says food inflation will be led by beef, poultry, seafood and fresh fruit, all up by 4 pct.… » Read More

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