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Food Trends Fruits & Vegetables Grocery News

The USDA Predicts Food Costs to Soar By the End of the Year

According to the USDA, shoppers should brace for food costs to surge by the end of the year.

The United States Department of Agriculture unveiled its food price outlook for 2022, which provided a bleak outlook of soaring grocery prices, with consumers potentially spending up to 4% more on food.

Kitchen staples such as dairy are expected to balloon to a 5% increase, while cereals and baked goods are expected to rise by 4%. Poultry looks to have a more dramatic change as the USDA predicts a 7% uptick. Skyrocketing ingredient costs will ultimately affect restaurant prices, which are considered to inflate to 5.5% to 6.5%

Eating out is also expected to get more expensive. The USDA predicts restaurant prices will increase anywhere from 5.5 to 6.5% this year.

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Hit-Or-Miss

Chipotle Gets First Price Hike in 3 Years, Here’s What That Means For You

chipotle-price-hike

Chipotle has announced that they’ll be raising their prices by 3% – 5% per menu item starting in the next few weeks. This will be their first price increase in three years.

According to Chipotle Chief Financial Officer John Hartung, the price of steak has increased 25 percent in the past three months. Additionally, cheese and pork prices are also said to increase this year.

Overall, Chipotle did pretty well for the quarter. The company reported a profit of $83.1 million compared to $76,6 million a year earlier and revenues jumped 24% to $904.2 million. They also have plans to open 180-195 more locations this year. However, executives say that rising food costs are taking a hit on their profits, so they need to raise their prices.

So you guys better hurry up and head to your nearest Chipotle while those prices last!

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Hit-Or-Miss

This is How Much Pizza Costs In 237 Neighborhoods Across America

Pizza

Pizza battles are ongoing across the US, with New York style versus Chicago deep dish being at the forefront of this fight. It’s pretty much a subjective war that rages on, but there’s one definitive factor when it comes to this dish — the price.

Let’s talk plain, nothing-fancy-about-it cheese pizza. You’d think that such a standard among American takeout would be about equal price in say, the same city… right? Wrong. In fact, the folks over at NPR compiled pizzeria price data from Grubhub Seamless for five major cities — LA, Philadelphia, New York, Washington D.C. and Chicago — breaking each one down into pizza by neighborhood (237 in total).

After plotting their findings, NPR proved that in some cases, the price of a plain pizza could be as much as $11 more than the same pie in a different city section. So the next time you’re visiting one of these urban areas and have a hankering for cheesy pizza, check out where you can save yourself a few bucks in LA, Chicago and NY below, then head over to NPR to peep more cities.

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Picthx NPR