Visualized: Food Inflation in the U.S. (2015-2025F)

What We’re Showing

This bar chart, sponsored by Brazil Potash, uses data from the U.S. Department of Agriculture to show U.S. food inflation from 2015 to the forecasted 2025.

Key Takeaways

• From 2015 to 2019, annual food price changes in the U.S. hovered below 2%, signaling a period of stability. 
• The COVID-19 pandemic in 2020 disrupted the trend, pushing prices up by 3.4%, followed by a sharper climb of 3.9% in 2021.
• In 2022, food prices increased by 9.9%, the fastest of any year since 1979. 
• In 2023, U.S. food inflation eased to 5.8%. Forecasts for 2024 and 2025 predict a return to more moderate levels, with food price growth estimated at 2.3%–2.4% annually.