Food Prices pt. 2

Taylor Hillman Features, This Land of Ours

cost of food
Which items we’ll be paying more and less for in 2016. That’s coming up on This Land of Ours.

This Land of Ours – Food prices pt. 2

Will prices for some food items actually be lower than the year before? That’s what happened in 2015 when price declines from pork, seafood, milk, fats and oils, fruits and vegetables. But Agriculture Dept. Food Pricing Economist Anne Marie Kuhns is projecting we will not see any food groups declining in price this year.

The best we could hope for at least at this point would be beef prices possibly staying even with last year, maybe going up by one percent. For other meats, in 2016 we expect poultry prices to rise between 2 – 3 percent pork prices are also expected t rise this year by one and a half to two and a half percent. And you know this a reminder this comes after a 3.9% decline in pork prices in 2015.

Kuhns says egg prices which zoomed up almost 18 percent last year because of the bird flu outbreaks might stay where they are now possibly rising another 1 percent. Fruits and veggies could rise up to 3 and a half percent. Cereal and baked goods only about one percent.  Forecast of course subject to change as the year develops. I’m Cathy Isom.