Budget share for total food increased 13 percent in 2022
U.S. consumers spent an average of 11.3 percent of their disposable personal income on food in 2022— reaching levels similar to the 1980s. The share of disposable personal income spent on food in 2022 was divided nearly equally between food at home (5.62 percent) and food away from home (5.64 percent). The share of disposable personal income spent on total food has trended downward—driven by a decline in share of income spent on food at home. In 2020, during the Coronavirus (COVID-19) pandemic, the share of disposable income spent on total food presented the sharpest annual decline (8.2 percent) since 1967. In 2022, the share of disposable personal income spent on total food had the sharpest annual increase (12.7 percent)—driven by an increase in the share of income spent on food away from home.
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