


Food prices are expected to grow more slowly in 2023 than in 2022 but still at above historical average rates. In 2023, all food prices are predicted to increase 7.9 percent, with a prediction interval of 5.5 to 10.3 percent. Food-at-home prices are predicted to increase 8.6 percent, with a prediction interval of 5.6 to 11.8 percent. Food-away-from-home prices are predicted to increase 8.3 percent, with a prediction interval of 7.1 to 9.6 percent.
In 2023, prices are predicted to increase for other meats (4.7 percent), dairy products (7.2 percent), fats and oils (16.7 percent), processed fruits and vegetables (9.9 percent), sugar and sweets (11.5 percent), cereals and bakery products (12.8 percent), nonalcoholic beverages (9.9 percent)
Egg prices are predicted to increase 37.8 percent in 2023
To Save Money, Maybe You Should Skip Breakfast – Wall Street Journal