WASHINGTON, July 25 The U.S. Department of
Agriculture on Friday maintained its forecast for 2014 U.S. food
price inflation at 2.5 percent to 3.5 percent, close to the
historic norm, even while raising its projection for pork and
In its first estimate for 2015, the USDA said food price
increases would subside slightly, to an annual rate of 2 percent
to 3 percent.
The agency noted a recent jump in vegetable prices but said
it was too soon to tie the move to the severe drought in
California, a key producer of fruits and vegetables.
(Reporting by Ros Krasny; Editing by Bill Trott)