Following is the text detailing forecasts (updated) for percentage changes in annual food prices, according to the U.S. Department of Agriculture.
In 2011, the Consumer Price Index (CPI) for all food is projected to increase 3 to 4%. Food-at-home (grocery store) prices are forecast to rise 3.5 to 4.5%, while food-away-from-home (restaurant) prices are forecast to increase 3 to 4%.
Source: Bloomberg
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