United States Food Inflation  Forecast


United States Food Inflation
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Food Inflation in the United States is expected to be 1.20 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 1.40 in 12 months time. In the long-term, the United States Food Inflation is projected to trend around 1.90 percent in 2020, according to our econometric models.


United States Prices Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 2 2 2.2 2.3 2.4 2.5
Inflation Rate Mom 0.1 0.2 0.3 0.1 0.3 0.1
Consumer Price Index CPI 247 248 249 249 250 268
Core Consumer Prices 253 254 255 256 257 261
Core Inflation Rate 1.8 1.8 1.9 2 2 2.2
GDP Deflator 114 115 115 115 115 134
Producer Prices 114 114 115 116 118 130
Producer Prices Change 3.1 2.2 2.4 2.5 2.85 2.2
Export Prices 124 125 125 125 125 119
Import Prices 124 124 124 123 123 120
Food Inflation 1.3 1.2 1.2 1.3 1.4 1.9
CPI Housing Utilities 253 254 254 254 254 253
CPI Transportation 202 203 205 206 206 204
Core Pce Price Index 114 114 114 115 115 120
Pce Price Index 113 114 114 114 114 121
Inflation Expectations 2.61 2.51 2.64 2.68 2.71 2.82