Inflation In 2024 For Groceries Industry. Between 2020 and 2024:food and beverages experienced an average inflation rate of 5.22% per year. A central issue has plagued the biden administration for most of its term:

Discounters and private labels benefited. The average price of food in the united states rose by 2.3% in the 12 months ending september, after posting an annual increase of 2.1% in august, according to the latest.