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)

Recent Headlines

4 hours ago in National

Teen pregnancies hit historic low

Updated
sexed296416402183

The annual survey shows the continuation of a downward trend that began in 2006 and continued through 2014, the latest year of complete data, when nearly 250,000 babies were born to girls and women aged 15 to 19.

4 hours ago in Sports

Watch Richard Sherman pick up unsuspecting passengers

20-overlay-14

The Seattle Seahawks Super Bowl winner takes a side gig as a driver for Lyft.

4 hours ago in Sports

NFL: Raiders hope to move to Vegas

markdavisraiders16119669574354

Raiders owner Mark Davis says he wants to move the team to Las Vegas and is willing to spend a half billion dollars as part of a deal for a new stadium in the city.

5 hours ago in National

U.S. high court approves rule change to expand FBI hacking power

A lock icon, signifying an encrypted Internet connection, is seen on an Internet Explorer browser in a photo illustration in Paris in this April 15, 2014 file photo.

The Supreme Court on Thursday approved a rule change that would let U.S. judges issue search warrants for access to computers located in any jurisdiction despite opposition from civil liberties groups who say it will greatly expand the FBI's hacking authority.

5 hours ago in National, World

Biden visits Iraq in show of support amid multiple crises

11-overlay-9

U.S. Vice President Joe Biden met Iraqi Prime Minister Haider al-Abadi and other top officials in unannounced visits to Baghdad and Erbil on Thursday to show support for a government battling Islamic State amid political and economic crises.