United States Food Inflation
Jul 2026 · Monthly
US food inflation fell to 2.63% in August 2026 from 2.94% in July, marking the fourth consecutive monthly decline. The reading was the lowest since November 2025, and compares with 3.20% a year earlier, according to the Federal Reserve Bank of St. Louis.
source: Federal Reserve Bank of St. Louis
United States food inflation eased to 2.94% in July 2026 from 2.99% in June. The latest reading remains far below the all-time high of 20.18% recorded in February 1974. The data series dates back to January 1948.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.9% | 3.0% | 20.2%Feb 1974 | -7.1%Jul 1949 | 1948 – 2026 | Monthly |
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About this series
Food Inflation in United States averaged 2.8% from 1990 until 2026, reaching an all-time high of 20.2% in Feb 1974 and a record low of -7.1% in Jul 1949. The series is reported monthly with history from 1948.
Food Inflation measures the monthly percentage change in the price of food items in the United States. The indicator is reported on a monthly basis, with the series spanning from January 1948 onward.
Source & methodology
Federal Reserve Bank of St. Louis · Federal Reserve Bank of St. Louis (FRED)
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