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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, November 19, 2024
In this opinion piece, Mike Espy, former Secretary of the United States Department of Agriculture, discusses the numerous factors that are to blame for rising food costs.
Supermarket prices shot up a full 1% in January, despite a decline in the cost of beef and pork, and are up 7.4% over the past year as inflation shows little sign of abating.
Grocery prices rose again in December, but some easing in beef and pork prices helped keep the increase below what it had been in the previous three months, according to the latest Consumer Price Index.
Supermarket prices jumped another 1% in October and are up 5.4% over the past year as food continues to contribute to the worst inflation consumers have seen in decades.
A monthly measurement of the state of mind in farm country dropped for the second month in a row in October as farmers signaled concerns about the possibility of sharp increases to the prices of key inputs.
