Expect to Put Out More for Food This Year: USDA

Iowans will likely be spending more money at grocery stores this year, but USDA economist Ricky Volpe says the food price increase should not be dramatic.

 

One area where shoppers will keep seeing high prices will be in the beef aisle.   Volpe says that’s mostly because cattle herds have gotten smaller since 2011.

A wild card influence on food prices in 2014 will be if wholesalers and retailers decide to widen what have been narrow profit margins in recent years.

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