Us Food Inflation Chart

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Us Food Inflation Chart These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago as inflation lingers

The next inflation update is scheduled for release on January 15 at 8 30 a m ET providing information on the inflation rate for the 12 months ending December Below is a chart and table displaying annual US inflation rates for calendar years United States Food Inflation values historical data and charts was last updated on January of 2025 Cost of food in the United States increased 2 40 percent in November of 2024 over the same month in the previous year

Us Food Inflation Chart

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Us Food Inflation Chart
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The following table displays food at home inflation on an annual basis listed by month and calendar year In clearer terms it shows the percent increase or decrease in grocery prices over the listed periods Food price growth slowed in 2023 as economy wide inflationary pressures supply chain issues and wholesale food prices eased from 2022 In 2023 prices for fats and oils grew the fastest 9 0 percent followed by sugar and sweets 8 7 percent and cereals and bakery products 8 4 percent

Graph and download economic data for Consumer Price Index for All Urban Consumers Food and Beverages in U S City Average CPIFABSL from Jan 1967 to Nov 2024 about beverages urban food consumer CPI inflation price index indexes price and USA This page provides interactive charts on various aspects of the food price environment How does the average U S household spend its money How does food price inflation compare to inflation for other major categories over time Are food prices more or less volatile than other spending categories

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Graph and download economic data for Consumer Price Index for All Urban Consumers Food in U S City Average CPIUFDSL from Jan 1947 to Nov 2024 about urban food consumer CPI inflation price index indexes price and USA The chart has 1 Y axis displaying Percent Data ranges from 3 2 to 3 3

According to the U S Bureau of Labor Statistics prices for food are 3 225 20 higher in 2024 versus 1913 a 645 04 difference in value Between 1913 and 2024 Food experienced an average inflation rate of 3 21 per year This rate of change indicates significant inflation Food at home prices increased by 11 4 percent in 2022 more than three times the rate in 2021 3 5 percent and much faster than the 2 0 percent historical annual average from 2002 to 2021 Of the food categories depicted in the chart all except beef and veal grew faster in 2022 than in 2021

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These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago as inflation lingers

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The next inflation update is scheduled for release on January 15 at 8 30 a m ET providing information on the inflation rate for the 12 months ending December Below is a chart and table displaying annual US inflation rates for calendar years


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Us Food Inflation Chart - This page provides interactive charts on various aspects of the food price environment How does the average U S household spend its money How does food price inflation compare to inflation for other major categories over time Are food prices more or less volatile than other spending categories