An ag economist says consumers could see grocery price inflation rates return to more normal levels.
Joe Balagtas with Purdue University’s Center for Food Demand Analysis and Sustainability says the latest Consumer Price Index is a good sign. “Grocery prices were flat from February to March,” he says. “Egg prices were higher, dairy prices are lower overall. Grocery prices are flat, so that’s good news.”
He tells Brownfield that food price inflation, year-over-year, was at 2.2% in March.
