Food Prices Expected to Rise Through 2024

The Center Square YT

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September 5th, 2023

DESCRIPTION

Recently released federal pricing analysis from the U.S. Department of Agriculture projects that food prices will continue to rise through 2024. The USDA pointed to the U.S. Bureau of Labor Statistics Consumer Price Index released earlier this month, which showed consumer prices overall rose 3.2% in the previous twelve months. Food prices, though rose more quickly at 4.9% during the same time. Now, USDA says that increase will continue.

The Center Square YT

The focus of The Center Square's work is state and local level government and economic reporting. A taxpayer sensibility distinguishes our work from other coverage of state and local issues. As a result of this approach, our audiences are better informed about the focus of state and local government and its cost to the citizens whose tax dollars fund governmental decisions.