There are two ways to sleep well at night ... be ignorant or be prepared.
Thursday, August 03, 2017
Get Staples from Future Essentials. Hedge against Price Increases
While prices have since fallen, they’re still up 18 percent for the year, causing a ripple effect that will find its way to grocery stores, the USDA said. The USDA also expects inflation to quicken for beef and fresh fruit next year after some declines in 2017. Costs for eggs, which are forecast to drop as much as 9 percent this year, will rebound in 2018, climbing as much as 2 percent, the agency predicts. These forecasts are based on an assumption of normal weather conditions throughout the remainder of the year; however, severe weather or other unforeseen events could potentially drive up food prices beyond the current forecasts. In particular, drought or flood conditions throughout the U.S. could have large and lasting effects on fruit, vegetable, dairy, and egg prices.
Source: USDA, Food Price Outlook 2017-2018, Bloomberg