Food price inflation in the US rose to 2.4% in November 2024, the most in ten months, up from 2.1% in the prior month. Prices accelerated for food at home (1.6% vs 1.1% in October) but eased somewhat for food away from home (3.6% vs 3.8%). On a monthly basis, food prices rose by 0.4% in November, after a 0.2% increase in the prior month. source: U.S. Bureau of Labor Statistics
Cost of food in the United States increased 2.40 percent in November of 2024 over the same month in the previous year. Food Inflation in the United States averaged 3.47 percent from 1914 until 2024, 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 January of 2025.
Cost of food in the United States increased 2.40 percent in November of 2024 over the same month in the previous year. Food Inflation in the United States is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.