A basket of bacon and eggs, whole wheat bread and butter, coffee and whole milk, and orange juice cost on average $32.47 in the United States in 3Q2024. Stretched out over a week, your breakfast cost you $4.64 a day.
That same basket in Jan 2026 is now $35.00 on average, up $2.53 or 7.8%.
Stretched out over a week breakfast now costs $5.00 a day.
Meanwhile OJ hit a new high, and despite removing some coffee-related tariffs, coffee hit a new record high price in Jan 2026, too.
The 20 foods shown making new all time highs represent 43% of the 46 foods I have been tracking in the FRED database at the St. Louis Federal Reserve Bank. Prices are per pound unless otherwise noted.
Beef Products:
Frozen orange juice concentrate $4.641/12oz
Coffee $8.414/lb
Bananas $0.657
Chocolate Chip cookies $5.264
Even though bananas and chocolate chip cookies made new highs, they are good values adjusted for inflation since 1980. Bananas are 49% lower than they should be, and the cookies are 12% lower. Most US bananas come from Guatemala, Ecuador, Costa Rica, Colombia, and Honduras.
Coffee is running 3.9% ahead of its inflation adjusted price from July 1984, and OJ is running 3.4% ahead of its inflation adjusted price since July 1980.
All nearly fifty food items I track are still near their all time highs.
We've had no fewer than seven spikes of serious food inflation running ahead of core inflation just since the year 2000.
Agricultural export prices also have soared since then. What a coincidence.
All prices are FRED data from the St. Louis Fed in U.S. dollars.
The headlines are correct. Average beef prices are out of this world in June 2025:
Round Roast $7.762/lb
All Uncooked Beef Roasts $8.203
Ground Chuck $6.103
Choice Chuck Roast $8.197
100% Ground Beef $6.12
All Uncooked Ground Beef $6.342
All Uncooked Beef Steaks $11.491
Choice Sirloin Steak $12.923.
But that's not all:
Whole Chicken $2.086
Frozen Orange Juice Concentrate $4.493
Coffee $8.132
Potato Chips $6.815
Ice Cream $6.493.
Most of the other items in my list of over 40 basic food products remain near their average all time highs. Food price inflation was 3% year-over-year in June 2025. There has been no actual food price deflation since 2016.
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| sirloin |
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| chuck roast |
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| beef roasts |
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| beef steaks |
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| ground beef |
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| ice cream |
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| sugar |
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| coffee |
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| orange juice |
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| chicken |
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| ground chuck |
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| round steak |
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| round roast |
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| American cheese |
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| beer |
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| wine |
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| electricity |
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| eggs |
