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USDA revises 2018 food price forecasts downward

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Food price inflation in 2018 is now forecast to 0.75 percent to 1.75 percent, down from a prior forecast of 1.0 percent to 2.0 percent, with USDA now expecting ghe cost of food at home (grocery stores) as flat to up 1.0 percent, down from a prior outlook for those costs to increase 0.5 percent to 1.5 percent.



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