Full service meals and snacks priced at $20 in 1997 $40.61 in 2022

Full Service Meals And Snacks Inflation Calculator

$

Prices for Full Service Meals And Snacks, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for full service meals and snacks are 103.04% higher in 2022 versus 1997 (a $20.61 difference in value).

Between 1997 and 2022: Full service meals and snacks experienced an average inflation rate of 2.87% per year. This rate of change indicates significant inflation. In other words, full service meals and snacks costing $20 in the year 1997 would cost $40.61 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for full service meals and snacks was higher.

Price Inflation for Full service meals and snacks since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (7.04%), 2021 (4.51%), and 2008 (4.01%).

View price changes for other categories
Jewelry · Televisions · Airline fares · Hospital services · More

Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Full service meals and snacks, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$20.301.52%
1999$20.862.72%
2000$21.372.46%
2001$22.053.20%
2002$22.592.45%
2003$23.052.04%
2004$23.682.71%
2005$24.382.96%
2006$25.143.15%
2007$26.043.56%
2008$27.084.01%
2009$27.842.81%
2010$28.211.32%
2011$28.872.34%
2012$29.632.61%
2013$30.292.24%
2014$31.052.51%
2015$31.882.66%
2016$32.632.34%
2017$33.412.41%
2018$34.202.35%
2019$35.283.17%
2020$36.302.89%
2021$37.944.51%
2022$40.617.04%*

* 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 Full service meals and snacks:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.515104.277106.838110.262112.962115.262118.385121.885125.723130.203135.422139.223141.064144.371148.142151.465155.269159.394163.125167.059170.981176.399181.503189.681203.037

Adjust full service meals and snacks prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1997 * 1997 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Full service meals and snacks was 100.000 in the year 1997 and 203.037 in 2022:

203.037 / 100.000 * $20 = $40.61

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $40.61 in 2022 (in the CPI category of Full service meals and snacks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Full service meals and snacks in 1997. In addition to full service meals and snacks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.