Usually, food prices at the grocery store go up about 2% every year and that’s considered a pretty normal yearly increase, however:
Very big, USDA Chief Economist, Seth Meyers ,says food prices last year shot up between 11 and 12% on average and for 2023, don’t expect to see prices going down but rather just a slowdown in the continued increases. Why is that? First, prices at the farm level for many commodities are very strong, plus….
Meyers is projecting grocery shoppers will likely pay an average of 3 to 4% more for food in 2023 than we did last year.
