Food Prices Soared in 2022, Americans Hope for Improvement in 2023

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Food Prices Soared in 2022, Americans Hope for Improvement in 2023

Food prices soared in 2022, and so far there are few solutions on the horizon for 2023.
The latest Consumer Price Index Data from the Bureau of Labor Statistics found that grocery prices increased 12 percent in the previous 12 months, far higher than the already elevated inflation rate.
The BLS index for wholesale prices showed the cost of fresh and dry vegetables skyrocketed this year with a 38.1 percent increase last month alone. The price for eggs for fresh use rose about 244 percent in the prior 12 months. A few foods, such as finfish and shellfish as well as beef and veal, saw decreases at the wholesale level, but most others saw double-digit increases....

Source: Food Prices Soared in 2022, Americans Hope for Improvement in 2023

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