Prices of Certain Foods Expected to Rise in 2017

September 8, 2016


As the reality sinks in that we'll be in a new year in less than 4 months, predictions are out as to what we can expect in 2017.  In the world of feeding yoyur family, the outlook isn't rosy.  According to the USDA, food prices have dropped 1.6% compared to 2015 but those same experts pedict a 2% increase from 2016 to 2017; mainly on these items.  Poultry: Prices have been 3.2% lower than last year, indirectly due to the avian flu. They expect poultry prices to drop 2.0 to 1.0 percent for the rest of 2016 but they’ll likely rise between 1.5% and 2.5% in 2017. Dairy: Prices are 3.1% lower than July of 2015, thanks to warmer weather, cattle have been grazing longer and producing more milk, creating a dairy surplus. Prices will likely increase by 1.5% to 2.5% next year. Fresh fruit: fresh fruit prices will likely increase this year, by about 1.5 to 2.5% and a further increase, between 1-2% in 2017. Cereals and bakery products: Prices are expected to rise between 1.0% and 2.0% throughout the rest of the year and they’ll get even more expensive in 2017, increasing between 1.5 to 2.5%.

SOURCE: Life Hacker

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