According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food were 8.23% higher in 2020 versus 2012 (a $1.65 difference in value).
Between 2012 and 2020: Domestically produced farm food experienced an average inflation rate of 0.99% per year. In other words, domestically produced farm food costing $20 in the year 2012 would cost $21.65 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation for domestically produced farm food was lower.
In the year 2012: Pricing changed by 2.69%, which is above the average yearly change for domestically produced farm food during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for domestically produced farm food was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Domestically produced farm food:
Below are calculations of equivalent buying power for Domestically produced farm food, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|