# USDA says food inflation rate to soar, highest since 2008

> The USDA's Economic Research Service forecast U.S. food prices will rise about 5% in 2022, a two-point increase from its forecast a month earlier and the highest annual food inflation rate since 2008. Poultry prices are forecast to rise 6.5%, dairy 4.5%, and fruit and vegetables 4%.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/42400-usda-says-food-inflation-rate-to-soar-highest-since-2008
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher forecast food inflation signals firm demand for feed-linked proteins and dairy, while bird flu and historically low frozen chicken stocks support poultry prices. Input costs tied to the Ukraine conflict and energy add upward pressure on feed and food commodities.

## Read by commodity

- MILK: bullish ▲
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2019-08-09 | [Benchmark highest since 2014 \| TheFencePost.com](https://feedsoft.ai/events/57581-benchmark-highest-since-2014-thefencepost-com.md) | +0.6% | +2.4% |
| MILK | 2022-04-03 | [FAO Food Price Index rises to record high in February](https://feedsoft.ai/events/41782-fao-food-price-index-rises-to-record-high-in-february.md) | +2.1% | +3.0% |
| MILK | 2019-08-06 | [Class III Milk Price Highest in Almost 4 Years Up $3.45 since last year \| The Bullvine](https://feedsoft.ai/events/57731-class-iii-milk-price-highest-in-almost-4-years-up-3-45-since-last-year-the.md) | +1.0% | +1.0% |
| MILK | 2024-04-01 | [USDA lowers dairy forecast for 2024
						 \| The Dairy Site](https://feedsoft.ai/events/30738-usda-lowers-dairy-forecast-for-2024-the-dairy-site.md) | -4.7% | -5.0% |
| MILK | 2026-04-09 | [USDA increases 2026 milk production estimates, Class III and all-milk prices projected higher \| Ag Proud](https://feedsoft.ai/events/19719-usda-increases-2026-milk-production-estimates-class-iii-and-all-milk-prices.md) | -1.4% | -0.4% |

## Sources

- agriculture.com: https://www.agriculture.com/news/business/usda-says-food-inflation-rate-to-soar-highest-since-2008

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