date:Feb 26, 2014
The all-food component of the Consumer Price Index was forecast to rise 2.5% to 3.5% in 2014, according to the U.S. Department of Agricultures Food Price Outlook issued Feb. 25. Such a level of price inflation would represent a jump from 1.4% in all-food price inflation in 2013, the report said.
Foods consumed at home with the highest price inflation forecasts in 2014 were beef, veal and poultry, expected to show a 3% to 4% rise in prices compared with 2013. The food items expected to show the