SAN FRANCISCO — The U.S. Agriculture Department trimmed its food inflation
forecast for 2010, projecting prices at grocery stores and restaurants will rise
at the same rate.
The USDA lowered the consumer price index for all food to gain 2.5% to 3.5% from
its December forecast of 3% to 4%. The outlook changed because government
forecasters don’t expect food prices at restaurants to advance as much as
expected.
The USDA also pared its price inflation outlook for fish, oils and fats at
grocery stores.
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