Food Price Inflation 10-18-24

The Average US Prices of food in Cities is listed by the St. Louis Federal Reserve 

The Price of 12 Eggs increased by $3.36/doz. from $1.466 in 2021 to $4.823 in 2023. The Price of a dozen eggs was $3.821 in 9/2024 compared to $1.461 in 2020. That’s a $2.36 or 161% increase.

Date              $Price

9/2024            3.821

1/2024            2.522

1/2023           4.823

1/2022           1.929

1/2021           1.466

1/2020           1.461

1/2019           1.554

1/2018           1.769          

1/2017           1.599

1/1980           0.879

https://fred.stlouisfed.org/series/APU0000708111

The Price of 1lb of Bacon increased by $2.04 from $5.180 in 2017 to $7.222 in 2022. The price of 1lb Bacon was $6.995 in 9/2024 compared to $5.180 in 2017.

That;s a $1.82 or 35% increase.

Date             $Price

9/2024          6.995

1/2024          6.614

1/2023          6.808

1/2022          7.222

1/2021          5.831

1/2020          5.505

1/2019          5.518

1/2018          5.654

1/2017         5.180

1/1980         1.410

https://fred.stlouisfed.org/series/APU0000704111

The Price of 1 gallon of Milk increased by $1.508/gal. from $2.913/gal. in 2019 to $4.421/gal. in 9/2024. That is an increase of $1.508/gal. or 100%

Date           $Price

9/2024        4.421

1/2024        3.958

1/2023        4.204

1/2022        3.787

1/2021        3.468

1/2020        3.253

1/2019        2.913

1/2018        2.961

1/2017       3.318        

7/1995       2.477

https://fred.stlouisfed.org/series/APU0000709112

The Price of a 1lb loaf of white bread increased by $0.625 from 2017 to 2024. That’s a 46% increase.

Date          $Price

9/2024      1.976

1/2024      2.033

1/2023      1.888

1/2022      1.555

1/2021      1.546

1/2020      1.351

1/2019      1.274

1/2018      1.281

1/2017      1.351

4/1980    $0.507

https://fred.stlouisfed.org/series/APU0000702111

The Price of 1lb of ground beef increased by $2.118 from 2017 tp 2024. That’s a 59% increase.

Date         $Price

9/2024      5.670

1/2024      5.030

1/2023      4.791

1/2022      4.554

1/2020      3.886

1/2019      3.801

1/2018      3.641

1/2017      3.553

1/1984      1.290

https://fred.stlouisfed.org/series/APU0000703112

The Price of 1lb of sliced ham increased by $1.972 from 2017 to 2024. That’s a 72% increase.

Date         $Price

9/2024      4.700

1/2024      4.762

1/2023      4.256

1/2022      4.119

1/2021      3.533

1/2020      3.064

1/2019      2.981

1/2018      2.899

1/2017      2.728

1/1998      2.281

https://fred.stlouisfed.org/series/APU0200FD2101

Comments

Food Inflation has been increasing since the 1980s.

Norb Leahy, Dunwoody GA Tea Party Leader