According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food were 3.51% higher in 2021 versus 2015 (a $0.70 difference in value).
Between 2015 and 2021: Domestically produced farm food experienced an average inflation rate of 0.58% per year. In other words, domestically produced farm food costing $20 in the year 2015 would cost $20.70 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.66% during this same period, inflation for domestically produced farm food was lower.
In the year 2015: Pricing changed by 1.28%, which is above the average yearly change for domestically produced farm food during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|