OTHER NEWS - Sept. 23, 1992

1992 Food Price Rise Smallest in 25 Years: The Agriculture Department’s Economic Research Service reports that this year’s increase is expected to be about 1%, the agency said in a recent summary of an Agricultural Outlook report. The low was 0.9%, set in 1967. “Several factors are holding food price rises to a minimum this year,” the report says. “Increased supplies of meats, particularly pork, have pushed retail beef, pork and poultry prices down. A low inflation rate is keeping the lid on costs for processing and distributing food. And slow growth in consumers’ real income is keeping consumer demand fairly stagnant, particularly for ready-to-serve foods and restaurant meals.”