Food inflation in the United States fell to a 15-month low of 7.7% year-on-year in April 2023, from 8.5% in the prior month and a peak of 11.4% in August 2022. Prices continued to slow down for food at home (7.1% vs 8.4% in March) and food away from home (8.6% vs 8.8%). source: U.S. Bureau of Labor Statistics
Food Inflation in the United States averaged 3.47 percent from 1914 until 2023, 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 2023.
Food Inflation in the United States is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.