Russia’s war on Ukraine is continuing to have a ripple effect through the global economy, with American food prices expected to rise over the next few months - just as the country is simultaneously battered by the country’s highest gas prices since 2008.Food costs were already 7.5% higher in January 2022 than they were in January 2021, according to the Bureau of Labor Statistics’ consumer price index report. As the war in Ukraine rages on, experts say that shoppers may start to see its impact at the grocery store.Consumer price projections from the USDA released on February 25 - the day after Russia began its - show an expected across-the board increase in 2022 food prices that will top 3% in some areas. Meat, poultry and seafood are expected to see the steepest rise, data show.
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