Chatter Central Food prices expected to rise in 2012
ECLUB NEWS |
While this might not be a surprising development, the USDA expects continued inflation in food prices throughout 2012. From clubs to restaurants and even households will continue to feel cost pressures as the consumer price index (CPI) for food is expected to increase 2.5 to 3.5 percent over 2011 levels. Food-at-home prices are expected to increase 3 to 4 percent and food-away-from-home prices are expected to increase 2 to 3 percent. Read the Food Price Outlook, 2011 and 2012 from the USDA for more information, including the latest statistics on food category prices from November 2011.
For some additional commentary on the topic of increasing food prices, read the article titled Food prices in 2012 may be hard to stomach that appeared in the Tampa Bay Times earlier this month.