Food inflation in the United States accelerated for a 12th straight month to 10.1% in May of 2022, the first increase of 10% or more since March 1981. Big price hikes were seen for meats, poultry, fish, and eggs (14.2%). source: U.S. Bureau of Labor Statistics
Food Inflation in the United States averaged 3.42 percent from 1914 until 2022, 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 2022.
Food Inflation in the United States is expected to be 9.00 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 2.00 percent in 2023 and 2.10 percent in 2024, according to our econometric models.