FMI addresses June 2026 food inflation numbers

July 14, 2026 Arlington, VA – Today, FMI – The Food Industry Association BB #:162464 commented on the June Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which shows a 0.2% increase in food-at-home prices for June and a 2.7% increase over the last 12 months, which is the same as in May.

“June’s relatively steady food inflation report should be welcome news for grocery shoppers following the larger increases we saw earlier this year, even as the longer-term outlook remains uncertain. While food prices remain elevated compared with a year ago, June’s historically consistent increase is an encouraging sign for families who continue to carefully manage their household budgets.

“Despite today’s relatively tame numbers, there are still significant uncertainties ahead. Developments in global energy markets, geopolitical tensions and other supply chain pressures could affect food costs in the short and medium term. The recent resumption of conflict in Iran serves as a reminder that global events can quickly ripple through the food supply chain. Energy prices, transportation costs, fertilizer, animal feed, packaging, labor, weather-related disruptions and international trade all play a role in determining the prices consumers ultimately see on grocery store shelves.

“Grocery retailers operate in an intensely competitive marketplace and remain focused every day on delivering value to shoppers. Across the industry, food retailers are working closely with farmers, manufacturers and suppliers to manage costs, strengthen supply chains and keep grocery prices as affordable as possible. FMI and the food industry will continue to monitor these factors closely while remaining committed to providing American families with safe, affordable and abundant food options.”

About FMI
As the food industry association, FMI works with and on behalf of the entire industry to advance a safer, healthier and more efficient consumer food supply chain. FMI brings together a wide range of members across the value chain — from retailers that sell to consumers, to producers that supply food and other products, as well as the wide variety of companies providing critical services — to amplify the collective work of the industry. www.FMI.org

Contact: Matt McKinney, mmckinney@fmi.org