WASHINGTON, D.C. – Get ready to spend even more for food. The USDA released its food price outlook for 2022, and they predict the cost of groceries will continue to skyrocket.
They say overall you could be spending up to four percent more for food by the end this year.
The agency says the cost of many kitchen staples will rise. Dairy prices are expected to increase between four and five percent, poultry could cost six to seven percent more, and prices for cereals, baked goods and sweets could go up three to four percent.
If you think eating out could save you money, think again. The USDA also predicts restaurant prices will increase anywhere from five and half to six and a half percent this year.