Consumer Pork Costs Projected Higher

August 25, 2014

1 Min Read
Consumer Pork Costs Projected Higher

The U.S. Department of Agriculture (USDA) predicts consumers will be spending 6.5% to 7.5% more this year for pork eaten at home. Beef and veal showed similar expected increases, while the USDA expects poultry to increase 3% to 4% this year.

According to the USDA’s Food Price Index, consumers paid 0.7% more for pork from June to July of this year, and 10.9% more year-over-year from July 2013 to July of this year. That same increase was shown from December 2013 to July of this year.

The USDA also predicts consumers will see an increase of 3% to 4% in the cost for pork in 2015.

The price of food that consumers will eat away from home is also expected to increase, 2.5% to 3.5% for this year, and 2% to 3% for 2015.

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