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Higher food costs here to stay, increases moderating

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An ag economist says increases in food costs at home are starting to return to somewhat normal levels.

Aimpoint Research’s Executive Advisor on Economics and Trade Dave Juday (jU-day) tells Brownfield price shifts following the pandemic have lasted longer than expected.

“With this massive inflation through 2021 and 2022 and starting to tail off in 2023, prices in general are just 19 percent higher permanently than they were in February of 2020,” he says.

Higher food costs here to stay, increases moderating