food prices

Economic Research Service publishes its price forecasts in the monthly Food Price Outlook report.  The FPO forecasts food-at-home prices will increase by 8.6% in 2023, with a prediction interval of 5.6%-11%.  Forecasts now include a midpoint and a prediction interval to represent the expected price change and range of likely prices. The pred...

You may have noticed, while general inflationary numbers eased a bit last month, food prices continued their steady march higher in December.  General inflation slowed in December to 6.5% a year, down slightly from the 7% reported in November.  But USD...

The Bureau of Labor Statistics announced this week that the Producer Price Index for final demand declined 0.5% in December when seasonally adjusted.  The index measures the average change over time in the selling prices received by domestic producers for their output.  Final d...

The United Nations Food and Agricultural Organization’s Food Price Index dropped during December, but 2022 food prices were 18% higher year-over-year.  The December index averaged 132.4 points, 2.6 points below November, the ninth-straight monthly decline.  The December ...

Cargill’s CEO said he expects food prices to decline in 2023.  Yahoo said that’s despite tight global crop stockpiles, especially in oilseeds.  David MacLennan, Cargill CEO, said the solution to the food versus fuel debate is to boost global crop commodity production.   “We don’t think i...

The United Nations’ Food and Agriculture Organization says food prices dropped 1.1% from August to September, marking the 6th straight monthly decline.  The drop in the Food Price Index was driven by a sharp fall in the international prices of vegetable oils and moderate decreases in those of sugar, meat, and dairy products.   Togeth...