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Share of consumer spending on most protein products decreased in 2023

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

Food Markets & Prices

Bar graph showing percent of food-at-home spending on beef, pork, poultry, fish and seafood, and eggs from 2020 to 2023.

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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.

Share of consumer spending on most protein products decreased in 2023

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