USDA’s latest “Food Price Outlook” report estimates that in 2016 food inflation will increase between 2% and 3%, the same price increase estimated for food purchased to be consumed or prepared in the home. This compares to an increase of 0.75% and 1.75% in 2015.
Food purchased away from home is projected to increase between 2.5% and 3.5% this year compared to 2.2% to 3.2% increase last year. Pork dropped by 4.25% in 2015, while beef saw an increase of nearly 7.75%. The largest increase in price in 2015 was for eggs that increased between 16.75% and 17.75%.