Fasten your seatelts...
It's going to be a bumpy ride. Food prices will continue to rise. California's drought and on-going water crisis are big factors; the state produces about half our produce: "That could have "large and lasting effects on fruit, vegetable, dairy and egg prices," according to a recent USDA report, which said the full impact has yet to be felt.
Smaller cattle herds have forced meat prices higher in March—up more than 5 percent from a year ago, as demand remained strong despite tightener supplies. Ranchers are getting higher prices for cattle and food companies are able to pass them along."
Good charts here, especially one showing the impact of food prices throughout the country. Some regions are hit harder than others, with Portland and St. Louis experiencing the greatest increases: