# Grocery and restaurant prices are projected to moderate, after 2 years of sharp increases

> 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.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31674-grocery-and-restaurant-prices-are-projected-to-moderate-after-2-years-of-sharp
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

A moderating food inflation outlook signals less pressure on consumer food budgets but has little direct effect on feed grain or commodity prices.

## Sources

- desmoinesregister.com: https://www.desmoinesregister.com/story/money/agriculture/2024/02/26/food-prices-rising-should-moderate-in-2024-according-to-us-department-of-agriculture/72602042007/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.