CHICAGO, ILLINOIS - JUNE 10: Produce is offered for sale at a supermarket on June 10, 2021 in Chicago, Illinois. Inflation rose 5% in the 12-month period ending in May, the biggest jump since August 2008. Food prices rose 2.2 percent for the same period. (Photo by Scott Olson/Getty Images)

Sorry to bring bad news to your Monday, but as reported by Successful Farming, the USDA says to not expect your grocery bill to get lower anytime soon.

Actually, USDA officials are predicting food prices to go up by a total of 5% in 2022. This is the highest single-year surge since 2008. The agency actually bumped up its annual projection after seeing price jumps “across many of the food categories” over the last two months.

Reasons for the increase include the conflict in Ukraine, the bird flu, and the recent increase in interest rates by the Federal Reserve. The USDA projects fruits and vegetables will go up 4% while dairy products increase by 4.5%.

Because of the bird flu, a large part of the poultry stock has been wiped out. This means both eggs and chicken will be seeing an increase of 6.5%.

A recent NBC News survey reveals that 6 out of 10 families reported their cost of living has now exceeded their income. Is this the case for your family? Only 31% of families reported they are staying about even.

Have these price surges affected how you go grocery shopping?  What adjustments have you made?

Source: Successful Farming

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