Sacramento Bee published an article stating that grocery store prices, according to the federal Bureau of Labor Statistics, have soared 13 percent over the past year. The economic consensus is food prices will likely ease next year, but there’s little agreement on precisely when that will be obvious to consumers. Joseph Glauber, a senior research fellow, saw agricultural commodity prices probably remaining high throughout next year. The war in Ukraine has meant tighter grain supplies, and “the war continues with a threat of further escalation so it may take even longer before the Black Sea trade gets back to more normal flows,” he said.
When will California food prices fall? The answer is tricky (Sacramento Bee)
October 20, 2022