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USDA Announces Food Price Consumption Index for 2019

Zoom in font  Zoom out font Published: 2019-01-21  Origin: seafare
Core Tip: The latest figures from the US Department of Agriculture show that food prices are expected to increase in 2019.
The latest figures from the US Department of Agriculture show that food prices are expected to increase in 2019. The Department of Agriculture's Department of Economic Research Services predicts that in 2019, the U.S. household food consumer price index will grow by 1-2%, especially fish and seafood products, with prices rising by 0.25-1.25%. But the price of the growth is slightly lower than that of beef and poultry, which is expected between 1% and 2%.

The U.S. Department of Agriculture reports that the expected growth in 2019 will show that four consecutive years of deflation in retail food prices, or below average inflation. This increase is less than the historical average of 2.1% in the past two decades.

Before the US Department of Agriculture released the data, Canada released its food price report in 2019. Researchers from Quelv University and Dalhousie University predicted that Canadian food consumption prices would rise by 1.5% - 3.5%, while seafood prices would rise by - 2% - 0%.
 
 
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