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Food-at-home price growth began to slow in 2023; food-away-from-home prices grew steadily through 2024

by Victoria Davidenko, Megan Sweitzer and Winfrey Norton
6/11/2025

Food Markets & Prices

Line chart showing the percent change in price since January 2020 for food away from home, food at home, and all items.

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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.

Food-at-home price growth began to slow in 2023; food-away-from-home prices grew steadily through 2024

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