Dive Summary:
- Prices at retail supermarkets rose at the beginning of 2013 according to a report released by the American Farm Bureau Federation (AFBF).
- Despite the markets stability in the last few years, overall prices rose about 2% in 2013.
- Looking ahead at the expected trend, AFBF spokesman states they expect food prices to continue to rise through 2013 as much as 3-4%.
From the article:
"Meat prices rose in price a bit more than most other items in the first quarter, but for the basket as a whole, price changes have been fairly modest," Anderson explained. "Looking ahead, we expect food prices to rise by 3 to 4% during 2013, which is slightly higher than the average rate of inflation over the past 10 years."
