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2:29Now PlayingFood prices rising: Here's why your groceries will cost more in 2022 | JUST THE FAQS
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2:29Now PlayingFoods like meat and seafood are getting more expensive across the country. Here's why your next grocery bill might be higher than you expected.
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"All food prices are now predicted to increase," the USDA's Food Prices Outlook for 2022 March report said. The increases are the highest in decades as grocery prices got more expensive and rose nearly 9% for the year. The USDA's Economic Research Service updated its March report predicting a 4.5%-5% rise in food prices this year. Eating out will see the highest increase, 5.5%-6.5%, the report said.
Grocery prices are expected to rise between 3% and 4% in the coming months. And that's on top of all the other increases consumers faced over the past several months. No food category, the USDA said, decreased in price in 2021. And now the USDA revised its forecast upward for all food categories, including meats, poultry, eggs, dairy products, fats and oils, and more. The only category that the USDA revised downward was fresh vegetables.
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