Grocery Prices: How High Will They Go?
Enterra Insights
JUNE 27, 2022
The U.S. Department of Agriculture (USDA) has raised its 2022 food inflation forecasts again reports Jim Wiesemeyer ( @Jim_Wiesemeyer ).[1] This means today’s grocery food price hikes are the highest in 42 Years. According to Wiesemeyer, “[The] USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981, and the highest grocery store price boo
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