USDA Secretary Brooke Rollins: Food prices are beginning to settle down and stabilize

Watch on YouTube ↗  |  July 24, 2026 at 13:30  |  6:52  |  CNBC
Speakers
Brooke Rollins — U.S. Agriculture Secretary

Summary

Agriculture Secretary Brooke Rollins says food price inflation has stabilized at the 20-year average of about 3%, with sharp declines in eggs, berries, and chicken. She credits administration policies, farmer support, and retailer partnerships, while noting energy and geopolitical risks. The FDA is handling a lettuce contamination outbreak from Mexico, and Rollins stresses the need for domestic food independence.

  • Food prices have stabilized near 20-year average increase of 3%.
  • Eggs prices down almost 90%, berries down 24%, chicken breast down 5% from prior peaks.
  • Administration aims to further reduce input costs like fertilizer and fuel.
  • Retailers such as Walmart and Giant Eagle are working to lower healthy food costs.
  • Ongoing war and Iran tensions risk driving energy prices higher, though fertilizer and gas prices have declined.
  • U.S. became net food importer in 2023; priority to strengthen domestic production.
  • Lettuce contamination from Mexico under control, U.S. food supply remains safe.
  • New trade deals (e.g., Jordan) aim to open global markets for American agricultural products.
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