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.