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Food prices expected to remain elevated in 2023 | CUOMO
Posted
December 30, 2022
Views
1,781
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4.60%
December 30, 2022
1,781
54
28
4.60%
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5:10Now PlayingFrom gas to air fares, everything has gone up in price, but where Americans might feel it the most is at the grocery store. It’s not just inflation, but shrinkflation — paying the same price but getting less for your money. Is shrinkflation here to stay? Will food prices come down in 2023 and will certain foods be hard to find? Supermarket guru and food industry analyst Phil Lempert breaks down what shrinkflation is and discusses the expected food price hikes for 2023. The U.S. Department of Agriculture is forecasting price increases of 3.5% to 4.5%.
#groceries #food #shrinkflation
Chris Cuomo hosts "CUOMO," a no-nonsense show featuring the day's most important news from all perspectives. "CUOMO" airs weeknights at 8 p.m. ET/ 7 p.m. CT on NewsNation.
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