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US Food Prices on Downward Trend
date:Apr 15, 2014
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(Source USDA ERS using data from US Department of Labor Statistics)

The reasons for the long-term decrease in average food price inflation fall into two categories - factors that affected the overall economy and factors specific to the food and agricultural sector. Considering the US economy as a whole, inflation for consumer goods, including food, was abnormally high almost across the board starting in 1973. This coincides with a major depreciation of the US dollar that took place in the

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