The United States Department of Agriculture released its food price outlook for 2022, which predicts the cost of groceries will continue to rise. Consumers could be spending up to 4% more for food by the end of the year.
The USDA says grocery and supermarket food prices are already 8.6% higher now than they were a year ago.
Dairy prices are expected to increase between 4% and 5%, while the cost of poultry could go up by 7%.
The agency also predicts restaurant prices to increase by at least 5%.
By Newsy staff.
About Newsy: Newsy is the nation’s only free 24/7 national news network. You can find Newsy using your TV’s digital antenna or stream for free. See all the ways you can watch Newsy here: https://bit.ly/3pg9eur