Grocery prices will rise 7.8% this year, three times the usual pace for food inflation albeit slower than in 2022, said USDA economists in the monthly Food Price Outlook. The USDA said beef and pork prices would decline modestly while all other food categories would see increases. “Beef and veal prices were predicted to decrease 1% in 2023 … and pork prices are predicted to decrease 0.8% in 2023,” wrote the economists. The red meats account for nearly one-tenth of consumer spending on groceries.. [1]
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