Food prices are predicted to increase 7.1 to 9.6 percent.
In 2023, prices are predicted to increase for other meats, dairy products, fats and oils, processed fruits and vegetables, sugar, and sweets, cereals, bakery products, nonalcoholic beverages, and other foods.
Major Reason for rising prices:- Climate change, Supply chain disruptions, Increased demand, Trade policies, Energy prices & Labor shortages.
Source:-ers.usda.gov
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