US food inflation fell to 2.7% in August 2026, the lowest since March, from 3% in each of the previous two months. Prices slowed for food at home (2.2% vs 2.7% in July) but maintained the pace of growth for food away from home (3.4% vs 3.4%). On a monthly basis, the CPI rose by 0.1% August, as they did in July. source: U.S. Bureau of Labor Statistics
Cost of food in the United States increased 2.70 percent in August of 2026 over the same month in the previous year. Food Inflation in the United States averaged 3.46 percent from 1914 until 2026, reaching an all time high of 36.70 percent in May of 1917 and a record low of -34.30 percent in June of 1921. This page provides the latest reported value for - United States Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Food Inflation - values, historical data and charts - was last updated on September of 2026.
Cost of food in the United States increased 2.70 percent in August of 2026 over the same month in the previous year. Food Inflation in the United States is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Food Inflation is projected to trend around 2.50 percent in 2027 and 2.30 percent in 2028, according to our econometric models.