Seriously? They don’t predict any more of an increase over what we saw this year?
The U.S. Department of Agriculture left its inflation forecast for all food in 2012 unchanged from a month earlier at 2.5% to 3.5%. But in its first forecast for 2013, the USDA projected the price of all food will climb 3% to 4%. Last year, U.S. food inflation ran at 3.7%, the highest rate since the 5.5% in 2008.
Read the rest here.If you enjoy the content at iBankCoin, please follow us on Twitter