Cost of food in the United States increased 3.90 percent in December of 2020 over the same month in the previous year. source: U.S. Bureau of Labor Statistics

Food Inflation in the United States averaged 3.39 percent from 1914 until 2020, reaching an all time high of 36.70 percent in May of 1917 and a record low of -34.30 percent in June of 1921. This page provides the latest reported value for - United States Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Food Inflation - values, historical data and charts - was last updated on January of 2021.

Food Inflation in the United States is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in the United States to stand at 2.30 in 12 months time. In the long-term, the United States Food Inflation is projected to trend around 2.30 percent in 2022 and 2.10 percent in 2023, according to our econometric models.

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United States Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.70 36.70 -34.30 1914 - 2020 percent Monthly
1982-1984=100, NSA

United States Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.20 23.70 -15.80 percent [+]
Inflation Rate Mom 0.40 0.20 1.80 -1.80 percent [+]
Consumer Price Index CPI 261.78 260.82 261.78 23.51 points [+]
Core Consumer Prices 270.12 269.89 270.12 28.50 points [+]
Core Inflation Rate 1.60 1.60 13.60 0.00 percent [+]
GDP Deflator 113.84 112.82 113.84 12.85 points [+]
Producer Prices 119.80 119.40 119.80 100.20 points [+]
Producer Prices Change 0.80 0.80 19.57 -6.86 percent [+]
Export Prices 125.20 123.80 135.30 82.40 points [+]
Import Prices 124.60 123.50 147.50 75.00 points [+]
Food Inflation 3.90 3.70 36.70 -34.30 percent [+]
CPI Housing Utilities 273.68 273.29 273.68 30.50 points [+]
CPI Transportation 203.56 202.83 223.54 22.30 points [+]
Core Pce Price Index 114.05 114.04 114.05 16.73 points [+]
Core Producer Prices 119.70 119.60 119.70 99.90 points [+]
Pce Price Index 111.70 111.69 111.70 16.07 points [+]
Inflation Expectations 3.00 2.96 3.40 2.33 percent [+]