Cost of food in the United States increased 2.20 percent in May of 2021 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 2021, 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 June of 2021.

Food Inflation in the United States is expected to be 2.70 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 2.00 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
2.20 2.40 36.70 -34.30 1914 - 2021 percent Monthly
1982-1984=100, NSA

United States Prices Last Previous Highest Lowest Unit
Inflation Rate 5.00 4.20 23.70 -15.80 percent [+]
Inflation Rate Mom 0.60 0.80 1.80 -1.80 percent [+]
Consumer Price Index CPI 268.55 266.83 268.55 23.51 points [+]
Core Consumer Prices 275.72 273.70 275.72 28.50 points [+]
Core Inflation Rate 3.80 3.00 13.60 0.00 percent [+]
GDP Deflator 115.58 114.37 115.58 12.85 points [+]
Producer Prices 123.80 123.10 123.80 100.20 points [+]
Producer Prices Change 6.20 4.20 19.57 -6.86 percent [+]
Export Prices 135.20 134.10 135.30 82.40 points [+]
Import Prices 130.70 129.80 147.50 75.00 points [+]
Food Inflation 2.20 2.40 36.70 -34.30 percent [+]
CPI Housing Utilities 278.65 277.26 278.65 30.50 points [+]
CPI Transportation 229.69 222.55 229.69 22.30 points [+]
Core Pce Price Index 115.97 115.21 115.97 16.73 points [+]
Core Producer Prices 122.80 122.00 122.80 99.90 points [+]
Pce Price Index 114.08 113.39 114.08 16.07 points [+]
Inflation Expectations 3.40 3.20 3.40 2.33 percent [+]