grocery prices
USDA forecasts no rise in grocery prices this year
Overall U.S. grocery prices will not rise at all this year — the first time in four decades of records that the inflation rate would hit zero, says the Agriculture Department, pointing to the effects of low petroleum prices, the strong dollar and falling prices for beef, pork and poultry. Retail food prices were flat or fell during six of the first eight months of 2016, assuring "a rate of inflation (or possibly deflation) that would again fall below the 20-year historical average of 2.5 percent," says the Food Price Outlook.
Forecast: Minimal rise in grocery prices this year
Lower beef, pork and poultry prices will bring the fifth year in a row of lower-than-average increases in grocery prices, says the monthly Food Price Outlook.
Coming soon – grocery prices you can see through
The Internet age, in which information wants to be free, soon will affect grocery shopping, says industry consultant John Hauptman of Willard Bishop. He puts price transparency at the top of three future trends for food retailers. It is inevitable, he said during a panel discussion at USDA's Outlook Forum, that grocers will post more and more of their prices on the Internet, allowing customers to browse electronically for the best deals and for store managers to monitor a competitor's prices.
Healthy food at low price is difficult goal for grocer in Detroit
When Whole Foods, "the world's leader in organic and natural foods" with 360 stores, opened a store in Detroit in June 2013, top executives said they wanted to reach "all of Detroit" with lower prices and to encourage healthier diets.
Cost of Thanksgiving dinner is stable for fourth year in a row
A spot-check of grocery store prices across the country says the cost of materials for Thanksgiving dinner is nearly unchanged for the fourth year in a row.
A home-cooked bacon cheeseburger costs more
Americans are paying noticeably more for the three main ingredients of a bacon cheeseburger - ground chuck, cheese and bacon - than a year ago, says the largest U.S. farm group in a semi-annual market basket survey.
Record-high beef and pork prices for one more year
Grocery shoppers will pay record-level prices for beef and pork through 2015, says a University of Missouri think tank.
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.
Consumers say ‘shrinkflation’ continues in food
Three out of four Americans said they have noticed “shrinkflation” at the grocery store within the past 30 days, with snack foods catching their attention most frequently, said a Purdue University report on Wednesday. Shrinkflation is the practice of reducing the amount of food in a package while keeping the price the same.