Food CPI and Expenditures

Overview Background Analysis and Forecasts of the CPI for Food What's Behind the Forecasts? How Changes in Input Costs Affect Food Prices CPI Bias Three Types of Food Expenditures Series Measuring the ERS Food Expenditure Series Recommended Data Recommended Readings Related Links

On the Accuracy of Nielsen Homescan Data

Overview

• The Consumer Price Index (CPI) for all food increased 5.5 percent in 2008, the highest annual increase since 1990, and is forecast to increase 1.5 to 2.5 percent in 2009.
• Food-at-home prices, led by fats and oils and cereal and bakery product prices, increased 6.4 percent, while food-away-from-home prices rose 4.4 percent in 2008.
• Total food expenditures for all food consumed in the U.S. was $1,165.3 billion dollars in 2008, a 3.3-percent increase from $1,128.0 billion in 2007. Spending on food away from home was 48.5 percent of the $1,165.3 billion in total food expenditures in 2008—spending for food at home was 51.5 percent.

Highlights

• Food CPI Forecasts



• Food Expenditure Tables

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