USDA ERS - U.S. Consumers Spent More on Food in 2022 Than Ever Before, Even After Adjusting for Inflation
Adjusted for inflation, U.S. annual food spending increased 70 percent from 1997 to 2022 to the highest level recorded. The 25-year climb was steady other than slight decreases during the Great Recession in 2008 and 2009 and a 6.4 percent drop in 2020 during the COVID-19 pandemic.
Source: usda.gov