What is food inflation?
Food inflation is the increase in the price of food paid by consumers.
Food inflation is the increase in the price of food paid by consumers.
In the past 12 months food inflation peaked at 10.66% in August 2022.
Date | Food inflation | Change from prior month |
---|---|---|
November 2022 | 10.66% | 0.50% |
October 2022 | 10.94% | 0.60% |
September 2022 | 11.24% | 0.78% |
August 2022 | 11.36% | 0.79% |
July 2022 | 10.92% | 1.10% |
June 2022 | 10.43% | 0.99% |
May 2022 | 10.14% | 1.17% |
April 2022 | 9.37% | 0.87% |
March 2022 | 8.81% | 0.99% |
February 2022 | 7.91% | 1.02% |
January 2022 | 6.98% | 0.88% |
December 2021 | 6.27% | 0.49% |
Cost of food on average has gone up 10.66% from November 2021 to 2022. This means for example, food which costed $10 in November 2021 would cost around $11.07 today, an increase of $1.07 year-over-year.
If you were making $25/hour in November 2021, you would need to be making $27.67/hour today to keep up with cost of food.
Date | Cost of food | Change from prior month |
---|---|---|
December 2021 | $10.05 | + $0.05 |
January 2022 | $10.14 | + $0.09 |
February 2022 | $10.24 | + $0.10 |
March 2022 | $10.34 | + $0.10 |
April 2022 | $10.43 | + $0.09 |
May 2022 | $10.55 | + $0.12 |
June 2022 | $10.66 | + $0.10 |
July 2022 | $10.78 | + $0.12 |
August 2022 | $10.86 | + $0.09 |
September 2022 | $10.95 | + $0.08 |
October 2022 | $11.01 | + $0.07 |
November 2022 | $11.07 | + $0.06 |
The change in cost of $100 worth of goods and services over the last 12 months.
US food inflation from 1947 to November 2022.
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