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USDA projects US grocery prices to rise 1.6% in 2024 and restaurant prices 5%, with total food costs up 2.9% after 5.8% in 2023. The forecast was presented at USDA's 100th annual Outlook Forum.
A moderating food inflation outlook signals less pressure on consumer food budgets but has little direct effect on feed grain or commodity prices.
desmoinesregister.comFeb 26, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
