The good news is that the price hikes are unlikely to be as high as in 2022, according to federal data. SanAntonio SATX SanAntonioTX FoodPrices Inflation USDA
For many San Antonio residents, the food budget is thin. In 2023, that budget may need to stretch even further.
Food prices nationwide — including grocery and restaurant purchases — are predicted to jump 3.5-4.5% next year, according to the U.S. Department of Agriculture's latest. Specifically, the outlook forecasts food-at-home prices to increase 3-4%, while food-away-from-home prices are expected to rise 4-5%.
Although those prices may sound hard to swallow, they're not as bad as those the USDA reported last year. Food-at-home prices increased by 12% percent from 2021-2022, while away-from-home prices increased by 8.5%. The reason for this year's rising prices are in line with last year's, according to the federal data: supply chain issues, Russia's ongoing war with Ukraine and restaurants trying to recoup pandemic losses.
The bottom line for SA foodies is that we're in for another year of opting for lunch specials and skipping the appetizers and boozy drinks.
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