The food inflation rate in the US eased to 1.8 percent year-on-year in December 2019 from 2.0 percent in November, as cost rose at softer rate for both food at home (0.7 percent vs 1.0 percent) and food away from home (3.1 percent vs 3.2 percent). Food Inflation in the United States averaged 3.39 percent from 1914 until 2019, 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. source: U.S. Bureau of Labor Statistics

Food Inflation in the United States is expected to be 1.60 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 2.10 percent in 2020, according to our econometric models.

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United States Food Inflation

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.00 36.70 -34.30 1914 - 2019 percent Monthly
1982-1984=100, NSA
United States Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.10 23.70 -15.80 percent [+]
Inflation Rate Mom 0.20 0.30 1.80 -1.80 percent [+]
Consumer Price Index CPI 258.50 257.94 258.50 23.51 points [+]
Core Consumer Prices 265.92 265.62 265.92 28.50 points [+]
Core Inflation Rate 2.30 2.30 13.60 0.00 percent [+]
GDP Deflator 112.66 112.19 112.66 12.85 points [+]
Producer Prices 118.80 118.70 118.80 100.20 points [+]
Producer Prices Change 1.30 1.10 19.57 -6.86 percent [+]
Export Prices 125.20 125.40 135.30 82.40 points [+]
Import Prices 125.00 124.60 147.50 75.00 points [+]
Food Inflation 1.80 2.00 36.70 -34.30 percent [+]
CPI Housing Utilities 268.24 267.93 268.24 30.50 points [+]
CPI Transportation 208.48 209.76 223.54 22.30 points [+]
Core Pce Price Index 112.40 112.24 112.40 16.73 points [+]
Core Producer Prices 118.10 118.00 118.20 99.90 points [+]
Pce Price Index 110.37 110.20 110.37 16.07 points [+]
Inflation Expectations 2.53 2.35 3.40 2.33 percent [+]