Recent News Stories Use ERS
Data and Analysis
Cambodia Halts Rice Exports To Curb Rising Domestic Prices
International Herald Tribune – March 26, 2008
… Cambodia is a minor rice exporter, shipping about 450,000 tons of milled rice last year, according to a U.S. Department of Agriculture [ERS] estimate. Neighboring Thailand, one of the world's top exporters, exported 8.5 million tons, it said in its 'Rice Situation and Outlook Yearbook.'….
Why Are Food Prices/Going Through the Roof?
St. Petersburg Times – March 23, 2008
…The U.S. Department of Agriculture forecasts price increases will ease up, growing 4 to 4.5 percent this year. "But they are moderating only because in the second half we'll bump into comparisons to high prices from a year ago," said Ephraim Leibtag, senior economist with the USDA Economic Research Service….
No Relief for Restaurants
Burlington Free Press – March 23, 2008
… Earlier this month, the USDA Economic Research Service reported that food prices increased an average of 4 percent between 2006 and 2007, the highest annual increase since 1990….
For Some, Inflation’s Bite Is Fierce
Sarasota Herald-Tribune – March 22, 2008
… Faced with global shortages of milk, wheat, corn, meat and other staples because of increased demand and higher labor, production and transportation costs, food prices rose 4 percent in 2007 -- the highest annual jump since 1990, according to the U.S. Department of Agriculture's economic research service….
Rising Fuel and Grain Costs Weigh on Grocery Bills
Scripps Howard News Service – March 21, 2008
… Food prices rose 4.5 percent during the 12 months ending Feb. 29, according to the federal government's Consumer Price Index. That's about double the typical annual increase, said Ephraim Leibtag, an economist with the U.S. Department of Agriculture's Economic Research Service.
Shoppers Shell Out More for Groceries
Akron Beacon Journal – March 21, 2008
The rising prices aren't going to stop anytime soon, according to Ephraim Leibtag, an economist with the Economic Research Service for the U.S. Department of Agriculture. Grocery costs, which typically increase 2.5 percent each year, grew by 4 percent in 2007, and are expected to go up another 4 percent to 5 percent this year, Leibtag said….
Shoppers Trying To Deal With Rising Grocery Prices
Springfield News-Sun - March 20, 2008
… Economists and the U.S. Department of Agriculture are forecasting the price of food will continue to climb this year. Prices for food consumed at home are expected to increase 3.5 percent to 4.5 percent, the USDA's Economic Research Service predicts….
Soaring Wheat Costs Means Higher Costs at Bakeries
Seattle Times Online – March 19, 2008
… The cost of a dozen grade A eggs rose by nearly 30 percent during 2007 and was expected to rise an additional percent this year. Dairy (milk, cheese, butter) prices rose by 7.4 percent and were expected to go up another 2 or 3 percent in 2008. Fats and oils are expected to increase by as much as 7 percent this year….
Sticker Shock: Food Prices Surge
San Jose Mercury News – March 17, 2008
… Despite the price relief in February, "it would be hard to see food prices being anything less than 4 percent higher overall for the year," said Ephraim Leibtag, a U.S. Department of Agriculture economist….
Sticker Shock by the Dozen
St. Paul Pioneer Press – March 16, 2008
… Egg prices are at record highs…. "It's been quite a steep climb," said Ephraim Leibtag, an economist at USDA [ERS]. "Nominal prices are at the highest they've ever been"….
Shoppers Fork Over More for Food in Stores Nationwide
Houston Chronicle Online – March 9, 2008
“The biggest factors have to do with the ever-increasing demand for food products combined with the weak dollar,” Leibtag [ERS economist] said. “Stocks are tight, and that's driving prices up.”
Shoppers Fork Over More for Food in Stores Nationwide
Houston Chronicle, other dailies – March 8, 2008
… soybean farmers are growing more corn, causing soybean supplies to shrink and prices to increase, said Ephraim Leibtag, an economist at the U.S. Department of Agriculture's economic research service. "The biggest factors have to do with the ever-increasing demand for food products combined with the weak dollar," Leibtag said….
Rising Food Prices Force Shoppers To Tighten Belts
Times-Reporter (OH) – March 6, 2008
… The agriculture department's Economic Research Service estimates meat and poultry prices will jump 2 to 3 percent in 2008, while fresh fruit and vegetables are predicted to rise by 4 percent. Cereals and bakery products will see the biggest increase, estimated at 6 percent higher than in 2007….
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