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Shining Light on Farm & Food Policy for 20 Years.
Sunday, August 18, 2024
Food prices are on track to return to normal levels this year, as consumers can expect to see softened food-at-home costs after years of high inflation pushing prices up, economists project.
A federal jury in Illinois has found two large egg producers and trade associations liable for conspiring to restrict supply and drive up egg prices, in a dispute the judge in the case said pitted “the nation’s egg makers against its egg breakers.”
Supermarket prices rose 0.1% in September as the increased cost of beef, pork and milk masked price declines in many other products. It was the smallest increase in the cost of eating at home since June.
Supermarket prices increased slightly for the second consecutive month and are up 3% over the past year, led by a 6% hike over the past 12 months in the cost of bakery products, the Bureau of Labor Statistics reported Wednesday.
Shoppers saw more relief at the grocery store in April as prices fell another 0.2%, driven by declines in dairy products, pork, eggs, and some fruits and vegetables.
Supermarket prices rose another 0.3% last month, driven in part by jumps in the cost of beef and pork, but food inflation continues to ease from the spikes shoppers saw in 2022, the Bureau of Labor Statistics reports.
Consumers can expect higher egg prices, egg producers will see lower profits, and retailers won't meet their promised timelines for transitioning to 100% cage-free, according to new research funded by the FMI Foundation, United Egg Producers and United Egg Association.
In an effort to increase egg supplies ahead of the Easter holiday, the National Chicken Council has filed a petition with the Food and Drug Administration seeking regulatory changes to allow “surplus” hatchery eggs be permitted in the food supply.