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Prices for food at home were more variable than food away from home from 2015–24

  • Food Markets & Prices
Bar graph showing annual percent change for food at home and food away from home from 2015 to forecasted 2025.

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A series of shocks to the food supply chain between January 2020 and January 2023 resulted in inflation peaking near 10 percent in 2022. U.S. food price increases have since tapered off, growing by 5.8 percent in 2023 and 2.3 percent in 2024.

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