Food price inflation in the US dropped to 2.2% in February 2024, the lowest since May 2021, down from 2.6% in the prior month. Prices continued to slow down for food at home (1% vs 1.2% in January) and food away from home (4.5% vs 5.1%). Monthly, food prices were flat in February, after increasing by 0.4% in each of the previous two months. source: U.S. Bureau of Labor Statistics

Cost of food in the United States increased 2.20 percent in February of 2024 over the same month in the previous year. Food Inflation in the United States averaged 3.48 percent from 1914 until 2024, 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 March of 2024.

Cost of food in the United States increased 2.20 percent in February of 2024 over the same month in the previous year. Food Inflation in the United States is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Food Inflation is projected to trend around 3.40 percent in 2025, according to our econometric models.



Related Last Previous Unit Reference
CPI 310.33 308.42 points Feb 2024
Core Consumer Prices 315.57 314.44 points Feb 2024
Core Inflation Rate YoY 3.80 3.90 percent Feb 2024
CPI Core Core 2.41 2.49 percent Feb 2024
CPI Housing Utilities 329.70 328.22 points Feb 2024
CPI Transportation 266.64 262.11 points Feb 2024
Export Prices 149.00 147.80 points Feb 2024
Food Inflation 2.20 2.60 percent Feb 2024
Import Prices 139.90 139.50 points Feb 2024
Inflation Rate YoY 3.20 3.10 percent Feb 2024
Inflation Rate MoM 0.40 0.30 percent Feb 2024
PPI 143.43 142.63 points Feb 2024
PPI YoY 1.60 1.00 percent Feb 2024

United States Food Inflation
Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.60 36.70 -34.30 1914 - 2024 percent Monthly
1982-1984=100, NSA