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U.S. Food Prices Rise at Fastest Pace in Four Years in April, USDA Forecasts 3.2% Increase for 2026

GateNews

2026-05-27 10:58:41

According to Jin10 Data on May 27, U.S. food prices rose at their fastest pace in four years in April, driven by adverse weather, tariffs, and declining cattle inventory. The U.S. Department of Agriculture forecasts food prices will increase 3.2% in 2026, while Ricky Volpe, a professor of agricultural economics at Cal Poly State University, expects actual inflation to reach 4% to 4.5%. Volpe noted that Iran-related disruptions and potential El Niño weather patterns may sustain upward price pressure through 2027.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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