The USDA released its Food Price Outlook for 2022 and predicted the cost of groceries would continue to increase to as much as 4%. According to the Consumer Price Index, grocery and supermarket food prices were already 8.6% higher.
- It looks like elevated food prices are going to continue this year, according to the U.S. Department of Agriculture.and predicted the cost of groceries would continue to increase to as much as 4%.
“We’re getting into this situation where we have spiraling inflation,” said Jay Hatfield, CEO of Infrastructure Capital Advisors. “Inflation in one area drives inflation in another.”
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