Food at employee sites and schools price inflation, 1997→2023

Food At Employee Sites And Schools Inflation Calculator

Prices for Food At Employee Sites And Schools, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools are 92.61% higher in 2023 versus 1997 (a $18.52 difference in value).

Between 1997 and 2023: Food at employee sites and schools experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 1997 would cost $38.52 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for food at employee sites and schools was higher.

Price Inflation for Food at employee sites and schools since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2023 (53.70%), 2021 (-35.79%), and 2022 (10.11%).

View price changes for other categories
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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Food at employee sites and schools, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.18	0.88%
1999	$20.64	2.28%
2000	$20.88	1.19%
2001	$21.10	1.04%
2002	$21.64	2.54%
2003	$22.47	3.87%
2004	$23.09	2.77%
2005	$23.71	2.67%
2006	$24.53	3.45%
2007	$25.35	3.36%
2008	$26.37	4.00%
2009	$27.46	4.16%
2010	$28.19	2.66%
2011	$29.15	3.38%
2012	$30.04	3.06%
2013	$31.06	3.42%
2014	$31.63	1.83%
2015	$32.35	2.27%
2016	$34.01	5.12%
2017	$34.42	1.21%
2018	$35.63	3.52%
2019	$36.25	1.74%
2020	$35.45	-2.20%
2021	$22.76	-35.79%
2022	$25.06	10.11%
2023	$38.52	53.70%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food at employee sites and schools:

Year	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	100.000	100.885	103.185	104.415	105.500	108.177	112.362	115.469	118.554	122.638	126.764	131.837	137.322	140.969	145.735	150.188	155.320	158.163	161.749	170.027	172.085	178.138	181.229	177.236	113.811	125.315	192.614

Adjust food at employee sites and schools prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Food at employee sites and schools was 100.000 in the year 1997 and 192.614 in 2023:

192.614 / 100.000 * $20 = $38.52

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $38.52 in 2023 (in the CPI category of Food at employee sites and schools).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food at employee sites and schools in 1997. In addition to food at employee sites and schools, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.