The level of food price inflation varies depending on whether the food was purchased for consumption at home or away from home: The CPI for all food increased 0.3 percent from September 2023 to October 2023, and food prices were 3.3 percent higher than in October 2022. The all-items Consumer Price Index (CPI), a measure of economy-wide inflation, was unchanged from September 2023 to October 2023 and was up 3.2 percent from October 2022. Consumer Price Index for Food (not seasonally adjusted) See the Overview page for Consumer Price Index and Producer Price Index datasets.
This page summarizes the November 2023 forecasts, which incorporate the October 2023 Consumer Price Index and Producer Price Index numbers.
