Editors' Pick: Charts of Note 2020
This chart gallery is a collection of some of the best Charts of Note from 2020. These charts were selected by ERS editors as those worthy of a second read because they provide context for the year’s headlines or share key insights from ERS research.
Tuesday, December 29, 2020
Grocery store prices were 5.6 percent higher in June 2020 compared with June 2019. Retail prices increased for all food-at-home categories except for fresh fruits. Many of these increases were influenced by the coronavirus pandemic. The pandemic disrupted supply chains of several commodities—and affected consumers’ food spending patterns—which put upward pressure on wholesale and retail food prices. The spring 2020 closing of schools and stay-at-home orders resulted in the dairy industry having to shift from supplying products for schools and restaurants to supplying products for grocery stores and other food retailers (food at home). Adapting to this transition placed upward pressure on retail prices for dairy products, which rose by 5.1 percent from June 2019 to June 2020. Beef also experienced supply chain disruptions: decreased slaughter volumes due to COVID-19 led to a bottleneck in supply which boosted prices. Retail beef and veal prices in June 2020 were 25.1 percent higher than in June 2019. Much of this increase occurred after February 2020. Other commodities also saw increases in retail prices. Egg prices increased 12.1 percent since June 2019, and pork and poultry prices increased 11.8 and 8.7 percent, respectively. The data for this chart come from the Economic Research Service’s Food Price Outlook data product, updated July 24, 2020.
This Chart of Note was originally published on Monday, July 27, 2020.
Wednesday, December 23, 2020
The share of U.S. food expenditures occurring at grocery stores, supercenters, and other food-at-home retailers typically displays a consistent seasonal pattern. U.S. consumers devote relatively more money to food-at-home spending in the winter months—a time of Thanksgiving and holiday gatherings. The summer months see the highest share of spending at food-away-from-home places such as restaurants, cafeterias, and other eating-out places. While seasonal patterns have stayed constant until 2020, the share of total food spending dedicated to food at home has not. In 1998, food at home’s share was above 55 percent of total food spending throughout the year. Ten years later, 2008 saw the share of food spending devoted to food at home decrease a few percentage points despite the Great Recession of 2007-2009. In 2018, food at home’s share was below 50 percent in all but the winter months. The COVID-19 pandemic has upended past seasonal trends and expanded food at home’s share of total food spending. Food at home in August 2020 accounted for 54 percent of total food spending, after peaking at 66 percent in April 2020. The data for this chart come from the Economic Research Service’s Food Expenditure Series data product, updated October 16, 2020.
This Chart of Note was originally published on Wednesday, October 28, 2020.