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USDA: CONSUMERS HAVE SPENT MORE ON FOOD IN 2022 THAN IN PRE-PANDEMIC
Oct. 24, 2022
Source: USDA news release
Real, or inflation-adjusted, monthly food spending in the United States has increased in 2022 as compared to the same period in 2019, before the Coronavirus (COVID-19) pandemic. Inflation-adjusted food spending measures the quantity of food spending after removing price increase effects.
Real monthly food at home (FAH) spending, or food intended for off-premise consumption from retailers such as grocery stores, increased each month through August 2022 as compared to 2019 except in August, with the highest increase in January at almost 8 percent.
This increase may be the result of U.S. consumers purchasing more foods or choosing more expensive grocery store options, such as pre-cut vegetables and fruits, imported out-of-season foods, organic products, and prepared dishes, than they did in 2019.
Real monthly food away from home (FAFH) spending, or food consumed at outlets such as restaurants or cafeterias, also increased each month so far in 2022, with the highest increase in April at 12 percent. Similarly, the increase seen in 2022 in real FAFH spending may be the result of U.S. consumers purchasing more FAFH in general or shifting toward more expensive options, such as foods at full-service restaurants.
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