Grocery Store Prices Expected to Rise – Fermented Food Products Will See Cost Differences

/ / Businesss, Consumer, News

Grocery store food prices are expected to rise this year. Projections by the USDA show prices increasing 1-2% in 2019. Still, that’s the fourth straight year of deflating or lower-than-average inflating retail food prices. The biggest price increase for fermented products are dairy products (3-4%) and bakery products (2-3%). A few fermented products are projected to decrease in price: meats (-0.25% to +0.75%), processed fruit and vegetables (-1-0%) and nonalcoholic beverages (-0.25% to +0.75%). Dairy products will be a particular concern for the U.S. food industry. Because of trade tariffs imposed on Mexico and China, dairy exports are declining. In the U.S., demand for dairy products is “relatively weak,” but expected to recover.

Read more (Supermarket News)