World Food Prices Reach New Peak since July 2011

The world food price barometer surged to a new peak reaching its highest level since July 2011. The Food and Agriculture Organization of the United Nations released its monthly report last week, which tracks changes in the international prices of a basket of food commodities. The FAO Food Price Index averaged 133.2 points in October, […]

Higher Food Prices Should Ease a Bit in 2022

Food prices are continue to rise, and consumers across the country are adjusting their shopping habits. A recent Successful Farming article said food aid agencies are also ramping up their support efforts. Overall, food prices were 4.6% higher in September than last year. Beef prices were up 17%, and pork was almost 13% higher than […]

Food Prices Show Massive Increase In September

The recent consumer prince index report surprised a lot of analysts showing higher than expected inflation during September and among food, the inflation leaders. Grocery store food prices rose an average of 1.1% last month. Agriculture department analyst Carolyn Chelius says food prices, on average, rise by only about 2% by an entire year. “And […]

Meats Pushing Food Prices Higher

When purchasing meat at your local grocery store, you’ve probably noticed that prices have ticked higher over the last 18 months. “That’s not going to slow within 2021,” said USDA Economist Carolyn Chelius. She added compared to this time one year ago we’re paying 12% more for beef, over 6% more for poultry, and almost […]

Consumer Food Prices Up Slightly, Again

The monthly Consumer Price Index shows a further increase in food prices. The food index increased 0.4% in August after larger increases in recent months. The food at home index increased 0.4% over the month as four of the six major grocery store food group indexes rose. The index for meats, poultry, fish, and eggs […]

Food Prices Increase Again in July

Food prices rose again in July, according to the latest Consumer Price Index. The food index increased 0.7% in July as five of the major grocery store food group indexes rose, and the food away from home index increased 0.8%. The index for food at home also rose 0.7%, as the index for meats, poultry, […]

USDA: 2021 Food Prices Rise Slower Than 2020

Retail food prices have increased 1.6% in the first six months of 2021, less than the rate over the same period last year. The Department of Agriculture’s Economic Research Service (ERS) said the 2021 increase is equal to the historical average over the same six months from 2000 to 2019. In the first six months […]

AFBF: 4th Of July Cook Out Costs Down Slightly

Americans planning on celebrating the 4th of July holiday with a cookout will enjoy lower prices this year, compared to last. Veronica Nigh with the American Farm Bureau Federation said the average cost of a summer cookout for 10 people remains fairly affordable at $59.50. “Which is down about 16 cents from last year, and […]

Global Food Prices Hit Highest Mark in Ten Years

Emerging markets across the globe that are struggling to get COVID-19 vaccines may be in for yet another serious challenge: food inflation. The United Nations Food and Agriculture Organization said last week that its global food price index hit its highest mark since September of 2011. As groceries make up a bigger share of their […]

Expect Higher Fresh Fruit Prices This Year

You’ve heard it since you were a kid: for good health, eat more fresh fruits. But, to do it, it’s going to cost you more. USDA Economist and Food Price Tracker, Carolyn Chelius, said consumers in 2019 and 2020 got a break on fresh fruits with prices down both years. She noted, last year, fresh […]