Cost of food in Puerto Rico decreased 0.40 percent in October of 2019 over the same month in the previous year. Food Inflation in Puerto Rico averaged 2.46 percent from 2005 until 2019, reaching an all time high of 9.69 percent in December of 2008 and a record low of -1.60 percent in December of 2016.
Food Inflation in Puerto Rico is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Puerto Rico to stand at 0.50 in 12 months time. In the long-term, the Puerto Rico Food Inflation is projected to trend around 1.20 percent in 2020, according to our econometric models.