The Real Cost Of Food Inflation

Food inflation remains a major concern for many American households, particularly as the cost of essential staples continues to rise. Since 2016, chicken prices have increased by 38%, eggs by 10%, ground beef by nearly 70%, and milk by 24%. The sharp rise in beef prices is especially notable, significantly outpacing other key protein sources. This trend is particularly concerning because food expenses make up a larger share of budgets for lower- and middle-income households, amplifying the financial strain as prices climb.

Source: U.S. Bureau of Labor Statistics, The Business Week Graphic

This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.