Commentary 6092 f
FOOD INFLATION RATE
December, 2013 Data:
The forecast for the US Food Inflation Rate is in the table at the top of this
page. Forecast-Chart.com is forecasting that Food Inflation Rates will be
roughly 5.52% over the next year. The table shows a HDTFA of 4.55% which
suggests that the inflation rate for food prices in the US for the 12 months
ending January, 2015 could easily fall between 10.07% and 0.97%. Links to
Forecasts for many other economic indicators may be found at the top of this
page. The food price index used in this article is the Consumer Price Index for
All Urban Consumers: Food, hereinafter referred as the food price index.
Annual US Food Inflation Rate
Last Month 1.2%
Last Year . . . . . . . . . . . . . . . . . . . . 1.1%
Last 5 Years 2.2%
Last 10 Years . . . . . . . . . . . . . . . . . 2.8%
Last 20 Years 2.7%
Annual Food Inflation Rate: Highs & Lows
High (Last 12 Months) 2.2% (January, 2013)
Low (Last 12 Months) 1.1% (December, 2013)
High (Since January, 1914) 36.7% (June, 1917)
Low (Since January, 1914) -34.3% (July, 1921)
The annual Food Inflation Rate for the 12 months ended in December, 2013
was 1.05%. That's 0.12% percent lower than the 12 months ended in
November, 2013 which inflated at a rate of 1.17%. It is 0.94% percent lower
than the 12 months ended in December, 2012 which inflated at a rate of 1.99%.
The sideways movement in inflation rates from November to December
indicates that the short term inflation trend in food prices has been flat. If that
trend continues, we should see an inflation rate for the 12 months ended in
January, 2014 that is close to 0.94%.
The USA Food Inflation Rate one year ago was 1.99%. Over the last year,
inflation in the food price index was 1.05%. The average rate over the last 10
years was 2.83%. Lower inflation over the last 12 months compared to the
average inflation over the last 10 years serves as an indicator that the long
term trend in the Food Inflation Rate is down. Inflation expectations should be
Forecast-Chart.com's historical research covers Food Inflation Rate data back
to January, 1914. The average annual inflation rate in food prices during that
period of history was 3.54%. The highest rate was 36.70%. The lowest rate was
-34.35%. The high was attained in the 12 months ended in June of 1917. The
low was achieved in the 12 months ended in July of 1921. Recent rates
experienced in the 12 months ended in December of 2013 are low relative to
the historical 3.54% average.
This page provides a five year chart and a forecast for the US Food Inflation
Rate. For links to longer term charts, look at the links under the five year chart
(above). One link opens a ten year chart. Another opens our longest term
graph on the Food Inflation Rate. Just one glance at Forecast-Chart.com's long
term charts can provide tremendous insight into the historical trends of the
The US Government's inflation economics policy attempts to control inflation.
High inflation and negative inflation (deflation) can have damaging effects on
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Annual US Inflation Rate in Food Prices is plotted monthly in gray (Consumer Price Index for All
Urban Consumers: Food). The forecast for the target month is shown in green. Other links related to
this economic indicator are below.
|Inflation Rate for All Urban Consumers: Food - 5 Year History
|Food Price Inflation Rate Forecast|
|Forecast for the US Food Price Inflation Rate for the |
year ending in the target month indicated based on the
Consumer Price Index for All Urban Consumers: Food,
not seasonally adjusted.
|Updated Friday, January 17, 2014.|
|US Food Price Inflation Forecast
Current Analysis & Forecast: US Food Inflation Rate
1/09 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 1/16
|Forecasts, charts and analysis...