FMI Statement on August 2026 CPI Food Price Numbers

Arlington, VA - Today, FMI - The Food Industry Association commented on the August Consumer Price Index (CPI) numbers from the U.S. Bureau of Labor Statistics (BLS), which show flat food-at-home inflation for August and a 2.2% increase over the last 12 months. FMI Vice President, Tax, Trade, Sustainability and Policy Development Andy Harig offered the following statement.

"The August CPI numbers bring some modest relief for grocery shoppers, with food-at-home inflation holding steady from July, though households continue to navigate the impact of higher prices throughout the economy. The fruit and vegetable index declined 0.4%, while most other categories saw modest increases. It is also worth noting that the pace of year-over-year grocery inflation slowed to 2.2% from 2.7% last month.

"Looking ahead, weather challenges - including a strengthening El Niño - could affect global growing conditions, while tariffs and broader economic uncertainty may add costs or disrupt sourcing. At the same time, elevated energy and diesel prices increase expenses throughout the food supply chain. These factors can take months to work through the system before their impacts are felt on grocery store shelves and are worth keeping a close eye on as we move into the fall and winter months.

"FMI members remain focused on delivering value and helping shoppers manage their household budgets through competitive pricing, promotions, loyalty programs, private brands and a wide assortment of products and package sizes. The food industry will continue working across the supply chain to manage cost pressures and ensure consumers have access to a safe, affordable and abundant food supply."

FOR MEDIA:

• On Thursday, September 17, at 2:30pm Eastern, FMI is hosting a media briefing with Andy Harig and Dr. Ricky Volpe of Cal Poly to explore consumer sentiment on grocery shopping and the factors impacting food prices. To RSVP, please contact Matt McKinney at [email protected].