Grocery store food prices up 3.5 percent in 2020 compared with 2019

Grocery store food prices up 3.5 percent in 2020 compared with 2019

Average annual food-at-home prices were 3.5 percent higher in 2020 than in 2019. For context, the 20-year historical level of retail food price inflation is 2.0 percent per year—meaning the 2020 increase was 75 percent above average. Food price increases in 2020 were primarily a result of shifts in consumption patterns and supply chain disruptions related to the coronavirus pandemic. Meat prices rose most sharply: beef and veal prices increased 9.6 percent, pork prices increased 6.3 percent, and poultry prices increased 5.6 percent in 2020. Only fresh fruits decreased in price, by 0.8 percent, in 2020.


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