U.S. Grocery Prices Rose 2.2% in August as 2026 Forecast Calls for 2.4%

U.S. grocery prices rose 2.2% in August from a year earlier, while the 2026 outlook projects a 2.4% increase, providing a near-term measure alongside data on farm demographics and meatpacking concentration. The 2026 forecast for food-at-home prices is 2.4%, with a range of 1.8% to 3.0%. The August figure compares prices with the same month in 2025; the forecast estimates the change across 2026. In 2022, 3.4 million producers operated 1.9 million farms across 880.1 million acres. Producers averaged 58.1 years old, an increase of 0.6 years from 2017. The census also counted just over 1 million beginning farmers, 11% more than in 2017, with an average age of 47.1. The increase in beginning farmers sits alongside the higher average age: the figures describe different parts of the agricultural workforce.

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