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After pandemic-driven growth in food-at-home-spending, rising prices have correlated with spending decreases since 2021

Line chart showing percent change, compared with 2019, in inflation-adjusted food-at-home spending and food-at-home prices from January 2020 to April 2023.

Adjusted for inflation, U.S. annual food spending increased 70 percent from 1997 to 2022 to the highest level recorded. The 25-year climb was steady other than slight decreases during the Great Recession in 2008 and 2009 and a 6.4 percent drop in 2020 during the COVID-19 pandemic.

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