Cost of food in the United States increased 3.50 percent year-on-year in April of 2020, the highest rate since February of 2012. Food at home cost jumped 4.1 percent, as coronavirus lockdown restrictions forced many Americans to stay inside the house.

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 June of 2020. source: U.S. Bureau of Labor Statistics

Food Inflation in the United States is expected to be 1.80 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 1.90 in 12 months time. In the long-term, the United States Food Inflation is projected to trend around 1.90 percent in 2021 and 2.10 percent in 2022, according to our econometric models.

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United States Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
3.50 1.90 36.70 -34.30 1914 - 2020 percent Monthly
1982-1984=100, NSA

United States Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 1.50 23.70 -15.80 percent [+]
Inflation Rate Mom -0.80 -0.40 1.80 -1.80 percent [+]
Consumer Price Index CPI 255.90 257.95 259.05 23.51 points [+]
Core Consumer Prices 265.60 266.80 267.07 28.50 points [+]
Core Inflation Rate 1.40 2.10 13.60 0.00 percent [+]
GDP Deflator 113.49 113.04 113.49 12.85 points [+]
Producer Prices 117.00 118.50 119.40 100.20 points [+]
Producer Prices Change -1.20 0.70 19.57 -6.86 percent [+]
Export Prices 118.20 122.20 135.30 82.40 points [+]
Import Prices 118.20 121.30 147.50 75.00 points [+]
Food Inflation 3.50 1.90 36.70 -34.30 percent [+]
CPI Housing Utilities 270.18 270.27 270.28 30.50 points [+]
CPI Transportation 193.73 203.85 223.54 22.30 points [+]
Core Pce Price Index 112.39 112.83 112.89 16.73 points [+]
Core Producer Prices 118.20 118.60 118.70 99.90 points [+]
Inflation Expectations 2.62 2.54 3.40 2.33 percent [+]
Pce Price Index 109.99 110.51 110.76 16.07 points [+]