Since 2015, the consumer price index (CPI) of food in the United States has increased every year except for 2016, when the CPI decreased by *** percent. The increase of CPI for food compared to the previous year was the highest in 2022, at *** percent.
In March 2025, the inflation rate for food prices in the United Kingdom was measured at three percent. A period of continuous deflation between March 2015 and January 2017 preceded a return to a sustained rise in the cost of food from February 2017 onwards. While food prices were deflating between September 2020 and July 2021, they started increasing rapidly from August 2021 to March 2023. The inflation rate started to decline from April 2023. Inflation rate and consumer price indexInflation is commonly measured via the consumer price index, which illustrates changes to prices paid by consumers for a representative basket of goods and services. An annualized percentage change in the price index constitutes a measure of inflation. In order to maintain an inflation rate at a stable level, to enable the general public and businesses to plan their spending, the Government set a two percent inflation target for the Bank of England. The discounter boom The increase in food prices in the United Kingdom has shifted shopping behaviours amongst consumers. Value is now key and shoppers are changing their retailer loyalties. Aldi, the German discount supermarket retailer, overtook Morrisons as Great Britain's fourth largest supermarket in September of 2022. Aldi's market share reached double digits for the first time in April 2023. It is yet to be seen if Lidl, Aldi's discounter competitor, can also continue to rise up in the ranks and eventually take over Morrisons as the fifth leading food retailer.
The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.
Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe
The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.
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Cost of food in Canada increased 3.40 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Canada Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Cost of food in India increased 0.99 percent in May of 2025 over the same month in the previous year. This dataset provides - India Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.
As of May 2025, food prices had increased by 4.5 percent in Hungary over the same month in the previous year. During the observed period, food inflation rates peaked in December 2022 at nearly 48 percent, while the lowest inflation rate for food products was recorded in July 2016 at negative 0.9 percent. Accelerating inflation rates Besides food prices increasing throughout 2023, the overall inflation also accelerated in the country. By 2023, inflation rates were over 17 percent, which was the highest annual figure documented in the past decade. In comparison, the lowest inflation rate was recorded in 2014 at negative 1.2 percent. Food inflation in CEE As soaring inflation rates became a common phenomenon over the past years, Hungary wasn’t the only Central and Eastern European country experiencing a dramatic food price increase in recent years. In Czechia, food inflation peaked in November 2022 at 26 percent, while it reached over 35 percent in Lithuania at the same time.
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Key information about Tunisia CPI: Food and Non Alcoholic Beverage Change
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Key information about Brunei CPI: Food and Non Alcoholic Beverage Change
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Key information about Austria CPI: Food and Non Alcoholic Beverage Change
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Overview The report presents updated estimates of household food expenditure trends and examines further issues relating to Australia's household food expenditure. The analysis builds on a June 2017 …Show full descriptionOverview The report presents updated estimates of household food expenditure trends and examines further issues relating to Australia's household food expenditure. The analysis builds on a June 2017 ABARES report that examined recent trends in food demand in Australia and a range of food security issues. Key Issues Between 2009-10 and 2016-17, the key drivers of Australia's household food demand growth were, in order of importance, population growth, changes in tastes and preferences (including lifestyle choices), lower real food prices and real income growth. While population growth is important, increasing the number of people seeking to meet their energy and nutrition requirements, there has also been a broadly-based shift toward spending on meals out and fast foods, with the share of meals out and fast foods in household food expenditure in Australia increasing from 31 per cent in 2009-10 to 34 per cent in 2015-16. This increases food expenditure per person, all else constant. Domestic household consumption is still the most important market for food producers (based on value), but food exports have recovered strongly in recent years, from $25 billion in 2009-10 to $39 billion in 2016-17 (in 2015-16 prices); the share of exports in Australia's indicative food production increased from a recent low of 25 per cent in 2009-10 to 33 per cent in 2016-17. Two key questions posed in the report relate to food security across population sub-groups and economic opportunities for farmers and other food product and service providers. • Food security-based on average outcomes in population sub-groups in 2015-16 using HES data, the Australian Government's transfer system is important in ensuring a high level of food security across households in Australia; some households, such as those highly reliant on family support payments, may require complementary support, for example, from non-government organisations. • Economic opportunities in the domestic food supply chain-future food demand growth in Australia will be underpinned by population and income growth. For people living in higher income and/or net worth households, there is a demonstrated willingness to pay a premium for quality attributes of food products and services, including convenience factors. Food labelling is a key approach to inform consumers about quality attributes that may earn a price premium. A key challenge in the long-term trend toward increased demand for meals out and fast foods is to ensure people have information about food attributes such as nutrition content. Reliable and well understood food product and service labelling may enhance nutrition security in Australia, and allow consumers to make food choices that are more closely aligned with their tastes and preferences (including in relation to nutrition and health), and wider circumstances, as well as contributing to reducing food waste.
Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.
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Key information about Finland CPI: Food and Non Alcoholic Beverage Change
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All potato chips, regardless of style of chips, flavor, packaging type or size."
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In 2024, after two years of growth, there was significant decline in the Uruguayan baby food market, when its value decreased by -10.2% to $28M. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $35M in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.
In December 2024, the inflation rate for food in the European Union (EU) reached 2.4 percent compared to the same month the year prior. Starting in the beginning of 2022, food prices started to rise rapidly. In March 2023, the food inflation rate in the EU reached its peak at 19.19 percent. Since April 2023, the rate started to decrease. Food inflation in Europe One of the main drivers of the increase in consumer prices was the rapid rise in energy prices. In the energy sector, the harmonized index of consumer prices inflation of the EU, a concept to measure and compare inflation internationally, was at 41.1 percent in June 2022, whereas the other categories were all below 10 percent. In Germany, the year-on-year consumer price index development for food and beverages was at 12.33 percent in the year 2023, just a slight dip from the all-time high of 12.51 percent in 2022. By 2024, this had dropped to 1.92 percent. There are a number of ways in which European consumers are trying to save on food costs due to rising prices. The most popular way to deal with the rising food prices is to reduce at-home food waste. An average of about half of consumers in selected European countries stated that this is how they responded to the price increases. Other popular ways were to buy only the essentials or to purchase mostly store brands. Food inflation worldwide In 2022, Europe and Central Asia were the regions with the highest food inflation rates worldwide. The rate of food inflation in those regions was about 18 percent in 2022, which is more than twice as high as it was in the previous year. In Latin America and the Caribbean, the food inflation rate rose from 5.4 to 11.9 percent during the same period. When categorized by income classification, low-income countries have significantly higher food price inflation, as compared to lower-middle-, upper-middle-, and high-income countries. On average, low-income countries had a food price inflation rate of about 30 percent in 2023. The world average rate was at 6.5 percent. Zimbabwe was the country with the highest level of real food inflation worldwide. The southern African country experienced a food inflation of approximately 46 percent in 2024. This was more than two times as high as in any other country in the world.
The UK inflation rate was 3.4 percent in May 2025, down from 3.5 percent in the previous month, and the fastest rate of inflation since February 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at -0.3 percent and -0.6 percent respectively.
The Cost of Living Crisis
High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. In December 2024, for example, 56 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July, but far lower than at the height of the crisis in 2022. After global energy prices spiraled that year, the UK's energy price cap increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23.
Global inflation crisis causes rapid surge in prices
The UK's high inflation, and cost of living crisis in 2022 had its origins in the COVID-19 pandemic. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.
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Key information about Cyprus CPI: Food and Non Alcoholic Beverage Change
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Zambia Food Price Index: Sugar data was reported at 177.000 2009=100 in Jun 2018. This records an increase from the previous number of 175.000 2009=100 for May 2018. Zambia Food Price Index: Sugar data is updated monthly, averaging 206.500 2009=100 from Dec 2014 (Median) to Jun 2018, with 43 observations. The data reached an all-time high of 315.300 2009=100 in Oct 2016 and a record low of 163.200 2009=100 in Aug 2015. Zambia Food Price Index: Sugar data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Zambia – Table ZM.I003: Food Price Index: 2009=100.
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In 2024, the East European food mixer market was finally on the rise to reach $670M after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $823M in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.
This dataset contains China Consumer Price Index by Category (The same month last year=100).Data from National Bureau of Statistics China. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes: 1.According to the regulations of the statistical system, China's CPI rotates at a base period every five years. After each base period rotation, the survey classification catalogue, representative specifications and survey outlets are adjusted, and the classification weights are also changed to reflect the latest changes in the residents' consumption structure.2.The CPI compiled and released from January 2016 to December 2020 was based on 2015. Compared with the previous base periods , the eight categories of this base period have significant changes. Among them, "Food", "Tobacco and Alcohol" are merged into "Food, Tobacco and Alcohol", "Health Care and Personal Articles" is split into "Household Articles and Services", "Health Care" and "Miscellaneous Goods and Services", "Recreation, Education, Cultural Articles" is split into "Education, Culture and Recreation" and "Miscellaneous Goods and Services", "Household Facilities, Articles and Services" is split into "Articles for Daily Use and Services" and "Miscellaneous Goods and Services". In addition, the index connotation of "Food" has changed. The "Food" in the previous base periods is a broad category, including grain, meat and poultry, fresh vegetables, fresh fruits, aquatic products, tea and beverages, and dining out; this base period "Food" is the medium category under the "Food, Tobacco and Alcohol" category, which only includes grain, livestock meat, poultry meat, fresh vegetables, fresh fruits, aquatic products, etc., and no longer includes "tea and beverages" and "dining out" .3.From January 2021, the CPI based on 2020 is compiled and released. This new base period is still divided into eight categories: "Food, Tobacco and Alcohol", "Clothing", "Residence", "Household Articles and Services"," Transportation and Communication", "Education, Culture and Recreation", "Health Care", "Miscellaneous Goods and Services", and the basic category has increased to 268.
Since 2015, the consumer price index (CPI) of food in the United States has increased every year except for 2016, when the CPI decreased by *** percent. The increase of CPI for food compared to the previous year was the highest in 2022, at *** percent.