Consumer food price sensitivity in the United States

This Statista report provides insight into the food price inflation in the United States, including data on the current food price situation in the U.S., how the food inflation has impacted the consumers, and consumers responds and strategies.
In the last two years, the United States has had one of the highest inflation rates for food products worldwide. In 2023, the consumer price index (CPI) of food in the U.S. nearly doubled that of 2000. The consistent increase in the price of food has left many U.S. consumers concerned, and the data shows that consumers have consequently become more price conscious over the last year. Food purchasing is at the top of the list when it comes to cutting expenses for Americans. They are also constantly exploring cost-saving strategies to fight back against food inflation. Purchasing low cost ingredients, cutting back on meat and protein sources, and switching to private lables are all part of the efforts Americans put into when grocery shopping. Persistent food price inflation has shaped consumers’ food shopping hobits and the majority of Americans are still pessimistic about the outlook of food prices in the near future.