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Retail food prices down; 1st time since 1967

from Food Business News

Retail food prices declined by 1.3 percent in 2016, the first calendar year decline in almost half a century. According to the Agriculture Department, expanding animal herd/poultry flock numbers were important contributors to the food price weakness. Over the last 50 years, the Consumer Price Index for food at home has risen an average of 4 percent per year. more

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