Reported 11 days ago
In October 2024, the Consumer Price Index indicated a slight increase in food inflation, with rates at 0.2% month-over-month and 2.1% year-over-year. However, Cal Poly agribusiness professor Ricky Volpe predicts that overall grocery prices will decrease in real terms in 2025, suggesting a shift towards normalcy in consumer spending on food despite challenges in certain categories like beef and pork.
Source: YAHOO