According to the U.S. Bureau of Labor Statistics, prices for food at elementary and secondary schools are 34.74% higher in 2023 versus 2020 (a $6.95 difference in value).
Between 2020 and 2023: Food at elementary and secondary schools experienced an average inflation rate of 10.45% per year. This rate of change indicates significant inflation. In other words, food at elementary and secondary schools costing $20 in the year 2020 would cost $26.95 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.54% during this same period, inflation for food at elementary and secondary schools was significantly higher.
In the year 2020: Pricing changed by -4.48%, which is significantly below the average yearly change for food at elementary and secondary schools during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for food at elementary and secondary schools was much lower.
Below are calculations of equivalent buying power for Food at elementary and secondary schools, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | -4.48% |
| 2021 | $10.78 | -46.09% |
| 2022 | $14.30 | 32.61% |
| 2023 | $26.95 | 88.49%* |
* 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:
| Year | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| CPI | 100.000 | 101.592 | 105.769 | 110.249 | 115.377 | 118.329 | 122.239 | 125.708 | 130.117 | 132.658 | 136.043 | 142.313 | 142.965 | 147.190 | 150.113 | 143.386 | 77.294 | 102.499 | 193.196 |