Food prices expected to continue rise

August 21, 2008 2:45:42 PM PDT
Brace yourself for even more sticker shock at the grocery store. The agriculture department is warning of even higher prices for 2009.The USDA forecasts food prices to rise by 5 to 6 percent this year, and increase another 5 percent next year.

That would be the largest annual increase since 1990.

The price bump is lead by red meat and poultry, but expect to see increases as well for fruits, vegetables and eggs.

The USDA says the cost of energy, used to transport, package and process foods, is still boosting food prices, even though energy prices have dropped.


Load Comments