According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools were 77.24% higher in 2020 versus 1997 (a $15.45 difference in value).
Between 1997 and 2020: Food at employee sites and schools experienced an average inflation rate of 2.52% 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 $35.45 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for food at employee sites and schools was higher.
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 |
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 |
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%* |