Food price inflation over 2015-19 lower than economy-wide inflation

Food price inflation over 2015-19 lower than economy-wide inflation

From 2015 to 2019, the all-food CPI rose 4.5 percent—a smaller increase than the all-items CPI, which was 7.9 percent higher over the same time period. Food price increases were also below the 11.7-percent rise in housing costs and 11.6-percent increase in medical care costs. Retail pricing strategies, efficient food supply chains, slow wage growth, and relatively low oil prices have tempered food price inflation during this time period.

Last updated: Monday, April 13, 2020

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