USDA expects higher U.S. food price inflation in 2014
WASHINGTON (Reuters) - Various measures of U.S. food price inflation are expected to rise by 2.5 to 3.5 percent in 2014, roughly in line with the historical norm after price increases were tepid in 2013, the U.S. Department of Agriculture said on Tuesday.
The agency evaluated expected increases in overall food, food-at-home and food-away-from-home prices.
The USDA said its forecast was based on an assumption of normal weather conditions, but that the ongoing drought in California could have "large and lasting effects on fruit, vegetable, dairy and egg prices."
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