Inflation Is Slowing, But Grocery Prices Anticipated To Remain High In 2023 | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Charlotte Pence Bond.

    Americans are still feeling the pinch at the grocery store even with inflation slightly decreasing, and prices will likely still be high in 2023.

    Food costs are anticipated to rise but at a slower rate than in 2022, according to the U.S. Department of Agriculture. Prices will continue to be higher than the historical averages.

    The USDA's Economic Research Service pointed out that last year, the cost of food increased by 9.9%, whereas groceries rose 11.4%, while eating out costs went up 7.7%. In 2023, the USDA expects to see total food costs rise by 7.1%. Groceries are likely to increase by 8%, and the cost of dining out is expected to go up by 8.2%.

    For eight specific food groups, the prices are projected to continue rising, even as those food items saw increases for the duration of last year.

    Next year, costs for "other meats" are expected to go up at 12.8%, dairy items at 8%, "fats and oils" at 16.5%, and processed vegetables and fruits at 9.6%. In addition, sweet items and sugar will increase by 10.6%, bakery items and cereals will go up 12%, nonalcoholic drinks will rise 8.7%, and other food items will cost 6.8% more.

    The Consumer Price Index (CPI) went up 6.5% during the past year in December, at a measurement that wasn't seasonally adjusted, and it also went down 0.1% seasonally adjusted. While the CPI was lower than where it was at 7.1% in November, the prices of certain items are still making life difficult for many Americans.

    According to the U.S. Bureau of Labor Statistics, the consumer price index for food increased 10.4% over the past year, the most of any other main category in the December data. Specifically, food in the home - groceries - went up 11.8%, whereas prices for eating out rose 8.3%.

    The cost of eggs has been a serious concern for the past several weeks as consumers around the country have been hit by high prices. Last month, the cost of eggs went up 11.1% and was 59.9% more than in December of 2021.

    This year, egg costs are expected to go up 27.3%.

    Agricultural outlet Successful Farming pointed to a University of Illinois Farmdoc Daily blog that noted how farm costs had increased more quickly than the average costs in the United States during the current century. In the latter half of the last century, they went up less than the average consumer and producer costs. According to the authors - both agricultural and economics experts - this means that the costs of farming will probably not soften inflation in the U.S. going forward.

With the Midterm Elections less than one week away: What do you consider the top issues that you will be voting on to be corrected by your better representation?
  Big Government getting Bigger
  Biden /Democrat controlled Spike in Energy Cost
  Inflation created by Legislation of Majority in Power
  Gender Reassignment
  Corrupted Bureaucratic /Service (DOJ, FBI, etc.) Institutions
  Discredited Legacy Media
  Ending the Corruption of Dishonest Politicians
  Corruptive Influence of Social Media
  Wide Open Southern Border
366 total vote(s)     What's your Opinion?

Go Back

Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )

A Spiritual Food Fight: How Cancel Culture Weaponizes Food To Bully The Faithful Daily Wire, Guest Editorial, Editorials, Op-Ed & Politics Alleged Vandals Indicted Over Attacking Pregnancy Centers In Florida


Latest Op-Ed & Politics

Hunter Biden filed a countersuit Friday against the Delaware computer repairman, John Paul Mac Isaac, who claimed to have worked on Hunter’s personal computer way back in 2019.
On Tuesday, N.C. Senate Health Committee leaders unveiled the details of the Medicaid expansion agreement with state House leaders made last week.
Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters (D-CA) asserted that the Federal Deposit Insurance Corporation should “reexamine” the $250,000 deposit insurance threshold on bank accounts.
To win, he must convince the Republican electorate that competence and electability are more important than charisma and force of will.
It is unclear who, exactly, goes to Democratic officials for parenting advice, considering their first inclination when hearing you are pregnant tends to be recommending abortion.
On Monday, all seven Democratic Wake County Commissioners expressed their full support for a compromise version of House Bill 99, a bill filed by Rep. Erin Paré, R-Wake.
The Department of Justice (DOJ) could indict more than 1,000 additional people on charges related to the January 6, 2021, riot at the U.S. Capitol.
Raleigh, NC – Today, state House Majority Leader John Bell (R-Wayne) filed the N.C. Farmland and Military Protection Act, House Bill 463, to prohibit China, Russia, Iran and other foreign adversaries and state-controlled entities from purchasing agricultural land
The Department of Defense (DoD) reportedly spends about $130,000 a day on border wall materials that are sitting in storage.


Here we see the seeds of disunity in the local GOP and why it is there
The Chicago Blackhawks will not take the ice for Sunday’s warm-ups wearing pride-themed jerseys, team sources told The Athletic.
In what has been hailed as a landmark day for Bible history buffs, archeologists have announced the discovery of the steel cage where Jacob wrestled with God, as chronicled in the book of Genesis.
Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the American financial system “remains sound” despite two recent bank failures.
A second-year law student at the University of North Carolina- Chapel Hill School of Law was arrested Sunday and charged with domestic terrorism in a coordinated crowd attack on the police training center in Atlanta.
A resident doctor who was training in family medicine not only had an alleged huge cache of child porn, but he also allegedly recorded children as young as 6 years old using a camera hidden in a bracelet as he examined them.
Patrick, the patron saint of Ireland, expressed great pride that he was able to bring Christianity to the Anglo-Saxons so their descendants could commemorate it each year


Back to Top