{"id":2016601,"date":"2023-08-30T11:15:01","date_gmt":"2023-08-30T15:15:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/food-prices-set-to-increase-above-historical-average-govt-analysis\/"},"modified":"2023-08-30T11:16:22","modified_gmt":"2023-08-30T15:16:22","slug":"food-prices-set-to-increase-above-historical-average-govt-analysis","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/food-prices-set-to-increase-above-historical-average-govt-analysis\/","title":{"rendered":"Government analysis predicts that food prices will rise above the historical average."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffood-prices-set-to-increase-above-historical-average-govt-analysis%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2016601&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Americans\u2064 Face Rising Food \u200dPrices Despite Biden&#8217;s Claims on Inflation<\/h2>\n<p><span style=\"font-weight: 400\">Americans are expected to spend more on food through the rest of 2023 and into 2024 as\u200d prices continue to rise even as President \u200b <a href=\"https:\/\/www.dailywire.com\/topic\/joe-biden\" target=\"_blank\" rel=\"noopener\">Joe Biden<\/a> touts his\u2064 record on <a href=\"https:\/\/www.dailywire.com\/topic\/inflation\" target=\"_blank\" rel=\"noopener\">inflation<\/a> and \u201cBidenomics.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to a recent <a href=\"https:\/\/www.ers.usda.gov\/data-products\/food-price-outlook\/summary-findings\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">analysis<\/span><\/a><span style=\"font-weight: 400\">  from the U.S. \u2062Department \u2064of \u2062Agriculture\u2019s Economic Research Service, \u2064food\u2062 prices will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-consumer-confidence-grows-to-pre-pandemic-levels\/\" title=\"U.S. Consumer Confidence Grows To Pre-Pandemic Levels\">remain elevated<\/a> for the remainder of this year and into 2024, with \u2062increases in 2023 \u2062projected to be higher than average. <\/span><\/p>\n<blockquote>\n<h3>Food Prices to \u2062Rise \u2063in 2023<\/h3>\n<p><span style=\"font-weight: 400\">\u201cFood prices are expected to grow more\u200c slowly in \u200c2023 \u2063than in 2022 but still at above historical-average rates. In 2023, all food prices\u2064 are predicted to increase 5.9\u2064 percent, with a \u2064prediction\u200b interval of 5.3\u2062 to 6.5 percent,\u201d the \u2062USDA researchers said in a press release. <\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Prices for food-at-home, which is food bought at grocery stores or supermarkets, are expected to increase by 5.2% \u2062by the end of 2023. Food-away-from-home, food purchased at restaurants, is expected \u2062to jump 7.1%. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Prices for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/food-prices-set-to-increase-above-historical-average-govt-analysis\/\" title=\"Government analysis predicts that food prices will rise above the historical average.\">key food\u200c staples<\/a> are\u200c expected to increase, including:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Beef \u200cand veal (4.2%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Other \u200dmeats \u2064(4.8%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Poultry (3%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Dairy products \u2064(4.1%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Fats and oils (9.6%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Processed fruits and vegetables (9.2%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Sugar and sweets (9.3%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Cereals and bakery products (9%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Nonalcoholic beverages (7.6%)<\/span><\/li>\n<li><span style=\"font-weight: 400\">Other foods \u200c(7.4%)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Food inflation is \u2063expected to continue into 2024 but rise at\u200c a lower rate. <\/span><\/p>\n<blockquote>\n<h3>Food Prices \u2063in 2024<\/h3>\n<p><span style=\"font-weight: 400\">\u201cIn 2024, all food prices are predicted to increase 2.8 percent, with a prediction interval of -2.0\u200d to 7.9\u200d percent. Food-at-home prices are predicted to increase 2.1 percent, with a prediction\u200c interval of -5.1 to 9.9 percent, and food-away-from-home prices are predicted to increase 5.1 percent, with a prediction interval of 2.7 to 7.5 percent,\u201d the USDA said. <\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">The predictions\u200d were made by examining data from the July \u200d2023 Producer Price Index and Consumer Price Index. In July 2023, food\u200b cost 4.9%\u200d more than in July\u200d 2022. <\/span><\/p>\n<p><strong><a href=\"https:\/\/onelink.to\/dwapp\">CLICK HERE \u2062TO GET THE\u200c DAILY \u200bWIRE APP<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">Inflation has been an ongoing problem during the Biden administration, with prices on\u200d everything from gas to food to used cars soaring. In speeches <a href=\"https:\/\/www.dailywire.com\/news\/biden-touts-record-on-inflation-as-americans-spend-hundreds-more-per-month\" target=\"_blank\" rel=\"noopener\">across the country<\/a>,\u200d Biden has emphasized that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-secretary-janet-yellen-we-have-to-consider-rising-inflation-rates-when-doing-stimulus-package\/\" title=\"Treasury Secretary Janet Yellen: \u2018We Have To Consider\u2019 Rising Inflation Rates When Doing Stimulus Package\">inflation rates<\/a> have declined since their peak during his presidency. However, many Americans are still spending hundreds more per month, on average. <\/span><\/p>\n<p><span style=\"font-weight: 400\">One <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nyc-to-fully-reopen-schools-in-september\/\" title=\"NYC to Fully Reopen Schools in September\">recent report showed<\/a> that Americans paid $709 more dollars for basic goods and services in July \u200b2023 than they did \u200din \u200cJuly 2021. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans are projected to increase their food spending in 2023 and 2024 due to rising prices, despite President Biden&#8217;s claims on inflation and &#8220;Bidenomics.&#8221; The U.S. Department of Agriculture&#8217;s Economic Research Service predicts that food prices will stay high throughout this period.<\/p>\n","protected":false},"author":200,"featured_media":2016602,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2016601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2016601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2016601"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2016601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2016602"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2016601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2016601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2016601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}