Food at elementary and secondary schools priced at $20 in 2012 $30.74 in 2023

Food At Elementary And Secondary Schools Inflation Calculator

$

Prices for Food At Elementary And Secondary Schools, 2012-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at elementary and secondary schools are 53.69% higher in 2023 versus 2012 (a $10.74 difference in value).

Between 2012 and 2023: Food at elementary and secondary schools experienced an average inflation rate of 3.98% per year. This rate of change indicates significant inflation. In other words, food at elementary and secondary schools costing $20 in the year 2012 would cost $30.74 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.59% during this same period, inflation for food at elementary and secondary schools was higher.

In the year 2012: Pricing changed by 2.84%, which is below the average yearly change for food at elementary and secondary schools during the 2012-2023 time period. Compared to inflation for all items in 2012 (2.07%), inflation for food at elementary and secondary schools was higher.

Price Inflation for Food at elementary and secondary schools since 2005

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (88.49%), 2021 (-46.09%), and 2022 (32.61%).

View price changes for other categories
Public transportation · Legal services · Seattle, Washington · Dental services · More

Buying power of $20.00 since 2012

Below are calculations of equivalent buying power for Food at elementary and secondary schools, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2012$20.002.84%
2013$20.703.51%
2014$21.111.95%
2015$21.642.55%
2016$22.644.61%
2017$22.750.46%
2018$23.422.96%
2019$23.881.99%
2020$22.81-4.48%
2021$12.30-46.09%
2022$16.3132.61%
2023$30.7488.49%*

* 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 elementary and secondary schools:

Year2005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000101.592105.769110.249115.377118.329122.239125.708130.117132.658136.043142.313142.965147.190150.113143.38677.294102.499193.196

Adjust food at elementary and secondary schools prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2012 * 2012 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Food at elementary and secondary schools was 125.708 in the year 2012 and 193.196 in 2023:

193.196 / 125.708 * $20 = $30.74

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2012 has the same "purchasing power" as $30.74 in 2023 (in the CPI category of Food at elementary and secondary schools).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food at elementary and secondary schools in 2005. In addition to food at elementary and secondary schools, 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.