Food Prices on the Rise: Expect a 2.6% to 3% Increase"

Your food shopping bill is indeed set to increase due to rising food prices. According to recent data, food prices are predicted to increase by 2.9% in 2025, with food-at-home prices expected to rise by 2.2% and food-away-from-home prices by 4.0%. This increase is attributed to various factors, including tariffs, supply chain disruptions and high energy costs.

Factors Contributing to Food Price Increases:* - *Tariffs*: The Yale Budget Lab estimates that current tariff rates will cause food prices to rise 2.6% in the short term. - *Supply Chain Disruptions*: Global disruptions, such as the COVID-19 pandemic, have impacted food production and transportation, leading to price increases. - *Energy Costs*: High energy costs have contributed to rising food prices, as food production and transportation rely heavily on energy. *Food Categories with Significant Price Increases:* - *Beef and Veal*