SICK OF HIGH FOOD PRICES? MOST PEOPLE ARE, AND ECONOMISTS HAVE BEEN EXPECTING THAT INTEREST RATE HIKES AND OTHER FACTORS WOULD SOONER OR LATER BEGIN TO SLOW DOWN THE RATE OF FOOD PRICE INFLATION AND IT LOOKS LIKE WE’RE STARTING TO SEE THAT, IF EVER SO SLIGHTLY. USDA’S GARY CRAWFORD WITH MORE:
SEPTEMBER WAS ACTUALLY 11.2% OVER A YEAR AGO. IT WAS THE FIRST DECREASE SINCE JUNE OF 2021. THE DECLINE WAS HELPED BY LOWER PRICES FOR BEEF, EGGS AND MILK.
