USDA predicts higher grocery prices by the end of 2022

Groceries in shopping cart; shopper in background
Adobe

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

About the Author

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 Learn More.