Food price inflation expected to exceed 2015 level

Food price inflation expected to exceed 2015 level

USDA expects retail food prices to increase between 2% and 3%.

Over the last decade, retail food price inflation in the U.S. has bounced around a bit, with yearly price increases ranging from 0.3% to 6.4%, according to the latest “Food Price Outlook" from the U.S. Department of Agriculture’s Economic Research Service.

Grocery store prices rose 4.2% in 2007 and 6.4% in 2008 — well

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