Surge in grocery prices will bring a 5 percent increase in SNAP benefits

Food stamp benefits will rise by 5.3 percent in October, to a maximum of $680 per month for a family of four in the continental United States, said the USDA Food and Nutrition Service on Wednesday. The cost-of-living adjustment was announced even as anti-hunger groups are calling for a temporary 15 percent increase in SNAP benefits during the pandemic.

Largest annual increase in grocery prices since 2011

Grocery prices will rise by a higher-than-average 3 percent this year, due largely to the coronavirus-propelled surge in the cost of meat, poultry, and fish at the supermarket, forecast the USDA on Thursday. It would be the largest annual increase since 2011. (No paywall)

Beef prices soar, food inflation is highest in more than eight years

Food prices rose sharply for the second month in a row, with beef recording its largest one-month increase ever, as the U.S. food inflation rate hit 4 percent in May, said the Bureau of Labor Statistics on Wednesday. It is the highest rate since January 2012. While food prices surged, the overall U.S. inflation rate for the past 12 months was a tiny 0.1 percent. (No paywall)

Grocery prices rising at highest rate since 2012

Coronavirus constrictions in the meat supply, which prompted some grocery chains to limit sales per customer, are driving the highest rate of price inflation at supermarkets in eight years, said the USDA in a monthly forecast. Grocery prices will rise by a higher-than-average 2.5 percent this year, double the previous estimate.

Vegetable prices rise but food inflation stays dormant

Thanks to declines in food prices in 2016 and 2017, grocery store prices will stand at a lower overall level at the end of this year than they were at the end of 2015, said the monthly Food Price Outlook. For the second month in a row, USDA raised its forecast of price increases for fresh vegetables but forecast a scant 0.5 percent rise in food prices for the year.

U.S. heads for fourth straight year of low grocery-price inflation

Grocery prices will rise by a nearly invisible 0.5 percent this year and a modest 1.5 percent in 2019, estimated the USDA’s monthly Food Price Outlook on Thursday. If the forecast proves true, 2019 would be the fourth year in a row that supermarket prices rise at a much slower rate than the usual 2.1 percent annually.

Halfway through the year and food inflation is negligible

Americans are headed for the fourth year in a row of lower-than-normal increases in food prices, according to the USDA’s Food Price Outlook. The monthly report estimated that prices will rise by just 1.5 percent this year.

Grocery prices stand still, tamping down food inflation

Retail food prices are living up to USDA's four-month-old forecast of tepid food inflation, with a barely preceptable increase of 1 percent. In its monthly Food Price Outlook, the USDA said the inflation outlook held steady for all categories of food except for dairy products, which declined to 0.5 percent for the year.

Popular U.S. produce helps hold down food inflation

Lower prices for tomatoes, potatoes, and apples — three of the four most popular fruits and vegetables sold in America — are helping to hold down food price inflation, according to a government forecast.