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Food prices are going up — and at levels Americans haven’t seen in decades

The United States Department of Agriculture released an update to its Food Price Outlook for 2022 and found that nearly everything one might ingest – whether it comes from the grocery store or restaurant – is going up in price.

And yes, that’s on top of the price increases consumers have already been forced to endure in the last year.

“All food prices are now predicted to increase between 4.5 and 5.5%,” the USDA’s Economic Research Service explained in the March report.

While the overall increase is alarming, a closer look at various food categories show just how expensive shoppers can expect items to get, according to the USDA:

  • Beef and veal: +16.2%
  • Pork: +14%
  • Poultry: +12.5%
  • Fish and seafood: +10.4%
  • Eggs: +11.4%
  • Dairy: +5.2%
  • Fats and oils: +11.7%
  • Fresh fruits: +10.6%
  • Fresh vegetables: +4.3%
  • Processed fruits and vegetables: +7.6%
  • Sugars and sweets: +7%
  • Cereals and bakery products: +7.8%

As for take-out or dine-in menus, the USDA said those prices are predicted to go up between 5.5 and 6.5% for the remainder of this year.

To read the entire column, please click here.

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