Food price inflation over 2017–2021 slower than only housing and transportation
From 2017 to 2021, the all-food CPI rose 11.1 percent, which is higher than the all-items CPI. Food price increases were below the 11.7-percent rise in housing costs and the 14.4-percent increase in transportation costs. Retail pricing strategies, efficient food supply chains, slow wage growth, and relatively low oil prices tempered food price inflation from 2017–2019. However, 2020 and 2021 were years of high food price inflation due to shifts in consumption patterns and supply chain disruptions resulting from the coronavirus pandemic and associated mitigation efforts.
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