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.