Food Prices Expected to Rise 2.2 Percent With Eggs, Sugar, and Beef Leading the Surge

The cost increases comes as two-thirds of American consumers struggle to afford daily grocery expenses.

Vegetables are offered for sale at a grocery store in Chicago on Feb. 13, 2024. Scott Olson/Getty Images

Food inflation is expected to continue this year, with the prices of eggs, sugar, and beef rising by more than 3 percent.

In 2023, food prices rose by 5.8 percent. This year, food price inflation is predicted to be 2.2 percent, according to an April 25 Food Price Outlook report by the U.S. Department of Agriculture’s Economic Research Service (USDA ERS).