Get ready for even higher prices at the grocery store. The USDA says you could spending up to 4% more for food by the end of the year.
The United States Department of Agriculture released its food price outlook for 2022, which predicts the cost of groceries will continue to rise, and consumers could be spending up to 4% more for food by the end of the year.Dairy prices are expected to increase up to 5%, while poultry could cost 7% more. And, prices for cereals and baked goods could go up about 4%.
Eating out is also expected to get more expensive. The USDA predicts restaurant prices will increase anywhere from 5.5 to 6.5% this year.
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