2014 is here!

But ringing in the New Year may be more expensive than you think. According to the Los Angeles Times, the price of food will likely increase this year. A U.S. Department of Agriculture report expects that food prices will rise by 1.25 to 1.75 percent. To make matters worse, beloved favorites like cereal and chocolate might not be spared in the cost hike.

Check out the slideshow above to learn which food prices could rise this year.

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Tags: Food Report, Beef, Dairy, Chocolate

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