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.

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United States Food Inflation

Related Last Previous Unit Reference
Inflation Rate 4.90 5.00 percent Apr 2023
Inflation Rate MoM 0.40 0.10 percent Apr 2023
Consumer Price Index CPI 303.36 301.84 points Apr 2023
Core Inflation Rate 5.50 5.60 percent Apr 2023
Core Consumer Prices 306.49 305.24 points Apr 2023
Producer Prices 141.13 140.87 points Apr 2023
Producer Prices Change 2.30 2.70 percent Apr 2023
Export Prices 151.10 151.30 points Apr 2023
Import Prices 140.40 140.10 points Apr 2023
Food Inflation 7.70 8.50 percent Apr 2023
CPI Transportation 267.40 261.97 points Apr 2023
CPI Housing Utilities 317.28 316.51 points Apr 2023
CPI Core Core 4.70 5.10 percent Apr 2023