Beef Magazine is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Food prices rise after flattening in fall

USDA Economic Research Service outlines changes to food prices in final months of 2014; forecasts for 2015.

The USDA Consumer Price Index (CPI) for food was flat from October to November and is now 3.2% above the November 2013 level, USDA said in its price update last week.

The food-at-home CPI for grocery store food items was down 0.2% in November and is 3.4% higher than last November while the food-away-from home CPI increased 0.4% in November and is up 2.9% from last November.

The food-at-home CPI has increased more in the first 6 months of 2014 than it did in all of 2013; however, given its current trajectory, it is on track for normal annual inflation, USDA says.

Looking ahead to 2015, USDA’s Economic Research Service predicts that food-at-home prices will see normal to slightly lower-than-average food price inflation, increasing 2% to 3%.

To read more about food prices, click here.

 

You might also like:

Gallery: Ranching is a family affair; meet the generations on the ranch

What's the best breeding weight for beef heifers?

Grass-fed vs grain-fed ground beef | Research shows no difference in healthfulness

Is this the year to over-winter cull cows?

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish