Online inflation of food products followed the trend of physical stores and showed a significant peak in 2022. In North America, online food prices went up by **** percent that year, before decreasing to a **** year-over-year percentage change in 2023. By 2025, online prices of food products might increase by **** percent in the considered region.

Cost of food in the United States increased 3 percent in June of 2025 over the same month in the previous year. This dataset 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.

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.

Cost of food in Canada increased 2.90 percent in June 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.

In January 2025, the 12-month inflation rate for food items in the United States was at 2.5 percent. That month, egg prices increased by over 50 percent compared to January 2024. Inflation for sugar and sweets saw an increase at 4.3 percent.

Cost of food in Lebanon increased 20.79 percent in June of 2025 over the same month in the previous year. This dataset provides - Lebanon Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

When surveyed in March 2024, some ** percent of respondents in the U.S. stated that they expected grocery prices to increase. This figure peaked at ** percent in April 2024.

Online inflation of food products followed the trend of physical stores and showed a significant peak in 2021. In Europe, online food prices went up by **** percent that year, before decreasing to a **** year-over-year percentage change in 2023. By 2025, online prices of food products might increase by *** percent in the European region.

Cost of food in Ukraine increased 22.10 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Ukraine Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Cost of food in Georgia increased 10.10 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Georgia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Many consumers in the Untied States are looking for ways to combat rising grocery prices. As of March 2025, the most popular strategy todo so was to **************************************** Using coupons or promotions was a popular way to combat higher prices chosen by ** percent of respondents.

Cost of food in Egypt increased 6.90 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Egypt Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Food at Home in U.S. City Average (CUSR0000SAF11) from Jan 1952 to Jun 2025 about urban, food, consumer, CPI, housing, inflation, price index, indexes, price, and USA.

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.

Minimum Food Basket Cost: Central Federal District (CF) data was reported at 7,824.600 RUB in Mar 2025. This records an increase from the previous number of 7,588.080 RUB for Feb 2025. Minimum Food Basket Cost: Central Federal District (CF) data is updated monthly, averaging 2,858.420 RUB from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 7,824.600 RUB in Mar 2025 and a record low of 775.980 RUB in Jan 2001. Minimum Food Basket Cost: Central Federal District (CF) data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IA029: Cost of a Conditional (Minimum) Set of Food Products: by Regions. [COVID-19-IMPACT]

Graph and download economic data for Consumer Price Index for All Urban Consumers: Food in U.S. City Average (CPIUFDNS) from Jan 1913 to Jun 2025 about urban, food, consumer, CPI, inflation, price index, indexes, price, and USA.

Cost of food in Puerto Rico increased 3.40 percent in June of 2025 over the same month in the previous year. This dataset provides - Puerto Rico Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In April 2025, the food price index in New Zealand had risen by around *** percent in comparison to the same period of the previous year. The rising cost of food products contributed to the overall increasing cost of living in the country.

According to Cognitive Market Research, the global Food Retail market size will be USD 11963.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 4785.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3589.08 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2751.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 598.18 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 239.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
The frozen food category is the fastest growing segment of the Food Retail industry

Market Dynamics of Food Retail Market

Key Drivers for Food Retail Market

Growing demand for convenience is driving the market

The surge in demand for convenience in the global food retail market is primarily driven by busy lifestyles, urbanization and the growing preference for ready-to-eat or easy-to-prepare meals. As more and more people migrate to cities and adopt fast-paced lifestyles, there is a greater need for quick and convenient meal solutions. Rise in dual-income households, particularly in emerging markets, longer working hours and limited time to engage in traditional cooking has led to a surge in demand for convenience food options including fast food, microwaveable meals and grab-and-go snacks. The expansion on online retail, delivery services and e-commerce has further fueled demand in the global food retail market. Mobile apps and artificial intelligence, enable retailers to offer personalized recommendations and streamlined shopping experiences. The COVID-19 pandemic further accelerated this trend, as consumers prioritized safety and convenience, driving retailers to invest heavily in online sales channels. This shift has forced traditional brick-and-mortar stores to adapt, expanding their digital presence and embracing new business models, creating new growth opportunities for the market.

RESTRAINTS

Rising costs are restraining market growth.

A significant restraint in the global food retail market is the shortage of labor and rising costs, leading up to higher operational costs, product shortages and disruptions in supply chains. The shortage of labor, despite increased incentives, leads to reduced service levels, resulting in increased pressure on existing staff and difficulty in meeting the rising consumer demand. The rise in competition, combined with higher wages for workers is driving up expenses for food retailers significantly. Furthermore, the high costs of transportation, production and raw material are also contributing to these added expenses.

These combined restrains force retailers to wind ways to improve efficiency and customer experience while managing costs.

Impact of Covid-19 on the Food Retail Market

The COVID-19 pandemic significantly impacted the Food Retail market, disrupting supply chains, consumer behaviour, and store operations. With lockdowns and social distancing measures, many brick-and-mortar stores saw a decline in foot traffic while online grocery shopping surged. Retailers had to rapidly adapt to the growing demand for e-commerce platforms, enhancing their digital infrastructure and delivery services. Supply chain disruptions led to product shortages, particularly fresh and perishable goods, and price fluctuations. Additionally, changing consumer preferences, with a focus on health-conscious and essential items, reshaped purchasing patterns. Introduction of the Food Retail Market

Food retail is the business of selling food and related products, often in packaged or prepared forms directly to consumers for off premises consumption. It comprises of a wide range of establishments such as supermarkets, grocery stores, convenience stores and specialized food shops. The global food retail market is a dynamic...

Cost of food in Jamaica increased 4.67 percent in June of 2025 over the same month in the previous year. This dataset provides - Jamaica Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.