Food at employee sites and schools priced at $20 in 1998 $39.54 in 2024

Food At Employee Sites And Schools Inflation Calculator

$

Prices for Food At Employee Sites And Schools, 1998-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools are 97.70% higher in 2024 versus 1998 (a $19.54 difference in value).

Between 1998 and 2024: Food at employee sites and schools experienced an average inflation rate of 2.66% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 1998 would cost $39.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for food at employee sites and schools was higher.

In the year 1998: Pricing changed by 0.88%, which is below the average yearly change for food at employee sites and schools during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for food at employee sites and schools was lower.

Price Inflation for Food at employee sites and schools since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (55.73%), 2021 (-35.79%), and 2022 (10.11%).

View price changes for other categories
San Diego, California · Detroit, Michigan · Gasoline (all types) · Admission to sporting events · More

Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Food at employee sites and schools, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.000.88%
1999$20.462.28%
2000$20.701.19%
2001$20.911.04%
2002$21.452.54%
2003$22.283.87%
2004$22.892.77%
2005$23.502.67%
2006$24.313.45%
2007$25.133.36%
2008$26.144.00%
2009$27.224.16%
2010$27.952.66%
2011$28.893.38%
2012$29.773.06%
2013$30.793.42%
2014$31.361.83%
2015$32.072.27%
2016$33.715.12%
2017$34.121.21%
2018$35.323.52%
2019$35.931.74%
2020$35.14-2.20%
2021$22.56-35.79%
2022$24.8410.11%
2023$38.6955.73%
2024$39.542.20%*

* 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 employee sites and schools:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.885103.185104.415105.500108.177112.362115.469118.554122.638126.764131.837137.322140.969145.735150.188155.320158.163161.749170.027172.085178.138181.229177.236113.811125.315195.150199.452

Adjust food at employee sites and schools prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1998 * 1998 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Food at employee sites and schools was 100.885 in the year 1998 and 199.452 in 2024:

199.452 / 100.885 * $20 = $39.54

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $39.54 in 2024 (in the CPI category of Food at employee sites and schools).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food at employee sites and schools in 1997. In addition to food at employee sites and 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.