News

It’s going to cost you more to cook dinner

It’s going to cost you more to cook dinner

BEEFED UP PRICES:Customers wait to be served at Casey's Market in Western Springs, Illinois, April 25, 2012. Photo: Reuters/Jeff Haynes

WASHINGTON (Reuters) – U.S. food price inflation is expected to rise by 2.5 percent to 3.5 percent in 2014, higher than 2013 but roughly in line with long-term norms, the U.S. Department of Agriculture said on Friday.

The agency evaluated expected increases in overall food, food-at-home and food-away-from-home prices.

Retail prices for certain meats, already at record highs, are expected to keep rising. For the year, USDA forecasts beef and veal prices to increase by 5.5 percent to 6.5 percent and pork prices to rise by 3 percent to 4 percent.

“The ongoing drought in California could potentially have large and lasting effects on fruit, dairy and egg prices, and drought conditions in Texas and Oklahoma could drive beef prices up even further,” USDA said.

(Reporting by Ros Krasny)

Latest Stories

in Viral Videos

WATCH: ‘Bohemian Rhapsody’ Halloween house

15-overlay4

The decorations and synchronized light display on this house is so impressive, we won't even ask for candy.

in National, World

1 American released from North Korea

fowle

The State Department says Jeffrey Fowle, one of three Americans being held in North Korea, has been released.

in Music

Alice Cooper wants to ‘die on stage’

alice

The rocker says he's not worried about elaborate stunts on stage because that's the way he would want to go out.