Retail food inflation pegged to stay low


Retail food prices are expected to rise between 1% and 2% in 2019, the U.S. Department of Agriculture projects.

For 2018, the USDA said retail food prices rose just 0.4%. The modest increase was the first in three years, but still below the 20-year historical annual average of 2%.

In 2019, the USDA said retail food inflation may continue to remain low at the grocery store. If price rise by the predicted 1% to 2%, the USDA said it would be the fourth year in a row with deflating or lower-than-average inflating retail food prices.

The USDA said fresh fruit prices rose 1% in 2018, and economists expect fresh fruit prices to increase an additional 2% to 3% in 2019. 

The USDA’s food price report said fresh vegetable prices rose 1.1% in 2018 and are expected to increase an additional 2.5% to 3.5% in 2019.


Latest News

Corn and Soybean Prices Soar Higher, Even With USDA's Surprising March Prospective Plantings Report

USDA's 2023 Prospective Plantings report released March 31 shows farmers intend to plant significantly more corn acres in 2023. At nearly 92 million acres, that's a jump of 3.42 million acres from last year.

Two Major Grain Companies Announce They Will Stop Doing Business in Russia

Within two days at the end of March, two grain companies said they will cease operations in Russia.

6 Spring Ammonia Season Reminders

The next couple of weeks will be busy with ammonia application in Illinois. Here are a few reminders to keep in mind when working with ammonia

9 Steps to a Perfect Corn Stand

More ears at harvest is the key to higher yield. That requires starting with a picket-fence stand with photocopied plants, achieved by adjusting your planter as conditions change from field to field and within fields. 

FieldAlytics Engage: Farmer-Facing App Clears The Communication Pathway

“This is a powerful app designed to strengthen service providers’ relationships with growers by housing essential information in a single source,” says Ernie Chappell, president of Ever.Ag Agribusiness.

Plagued By Drought and High Input Prices, Cotton Acres Could Crumble This Year

Just ahead of USDA's Prospective Plantings report, the largest cotton growing state in the U.S. is seeing another year of drought, and with fields resembling the Dust Bowl, crop prospects are dwindling by the day.