From Supermarket News, July 26:
Grocery food prices are expected to fall [sic] in 2024 and 2025
However, certain groups will experience increases
A new report by the U.S. Department of Agriculture indicates that the price of food will continue to decelerate throughout the year.
In 2024, prices for all food are predicted to increase 2.2%, with food-at-home prices projected to go up just 1%.
Looking beyond this year, the U.S. Department of Agriculture is forecasting the price for all food to increase 2% in 2025. Food-at-home prices could increase 0.7%.
The agency’s Food Price Outlet tracks and forecasts the annual percentage change in prices by averaging observed and forecast prices for all months in the current year compared to all months in the previous year.
The Food Price Outlook forecasting methods are based entirely on statistical models that are fitted to recent trends in the data.
The Consumer Price Index for food at home from May 2024 to June 2024 was up 3% compared to June 2023....
....MUCH MORE
Here's the U.S. Department of Agriculture's "Summary Findings: Food Price Outlook, 2024 and 2025"
