National Ag News
Retail prices drop to 50 year low
Mar 28, 2017, 10:35 AM
by
System
The USDA says grocery prices declined to a 50 year low last year.
The USDA Economic Research Service says retail food prices dropped 1.3 percent, the first annual decline since 1967.
Increased production of many commodities, lower transportation costs and a strong dollar were some of the reasons for the declines.
Decreases in the price of eggs, beef and veal, pork and dairy offset increases for the price of fresh fruit and other foods.
Continue reading Retail prices drop to 50 year low at Brownfield Ag News.
