By: Skye Root
August 3, 2023
Reading Time: mins
General
Food-at-home prices increased by 11.4 percent in 2022, more than three times the rate in 2021 (3.5 percent) and much faster than the 2.0-percent historical annual average from 2002 to 2021. Of the food categories depicted in the chart, all except beef and veal grew faster in 2022 than in 2021. In 2022, price increases… Retail food price inflation in 2022 surpassed 2021 rates in most categories