Food inflation in the U.S. - statistics & facts

Food prices in the United States have increased every year since 2016, peaking in 2022 at about a 10 percent growth rate. The food inflation rate has subsided in the past two years to about three percent in 2024. The consumer prices index (CPI) for food in the U.S., however, has continuously increased. As of 2024, the consumer price index for food amounted to 333.57, over 140 points higher than the average food CPI in 2005.

Price development for food categories

While the inflation rate for the “food at home” segment went down in 2024, prices for many food items like eggs, and beef and veal rose significantly that year. With an 8.5 percent annual growth, theretail price for a dozen eggs in the United States amounted to 4.15 U.S. dollars. Additionally, the price for a pound of beef is projected to grow until 2026, reaching 8.6 U.S. dollars, before dropping slightly. In 2024, the average price of American processed cheese hit an all-time high at about five U.S. dollars per pound, making it 30 percent more expensive than three years prior. U.S. households' weekly grocery expenditure amounted to about 165 U.S. dollars in 2024. Between 2019 and 2024, grocery expenditure grew substantially, favored by the pandemic first and inflation after.

Consumer behavior

Continually increasing prices means growing food insecurity for many U.S. consumers. In May 2022, only about a quarter of consumers reported feeling worried about paying for food. As of November 2023, this was a concern of over 43 percent of consumers. Many consumers in the U.S. are looking for ways to reduce their food spending. As of 2024, one of the most popular strategies to save money on food was to purchase more store brands. About a quarter of consumers also attempted to save by buying lower-cost ingredients or cheaper cuts of meat. With the recent tariff suggestions in 2025, nearly half of the Americans intended to switch to more affordable alternatives of their favorite brands if prices rose. With food price sensitivity growing among grocery shoppers, competitive pricing has become a crucial factor for food and beverage brands in order to win this saturated market.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Dec 17, 2025

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