Food at employee sites and schools price inflation, 2001→2023

Food At Employee Sites And Schools Inflation Calculator

Prices for Food At Employee Sites And Schools, 2001-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools are 84.24% higher in 2023 versus 2001 (a $16.85 difference in value).

Between 2001 and 2023: Food at employee sites and schools experienced an average inflation rate of 2.82% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 2001 would cost $36.85 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for food at employee sites and schools was higher.

In the year 2001: Pricing changed by 1.04%, which is below the average yearly change for food at employee sites and schools during the 2001-2023 time period. Compared to inflation for all items in 2001 (2.83%), 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 (55.11%), 2021 (-35.79%), and 2022 (10.11%).

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Buying power of $20.00 since 2001

Below are calculations of equivalent buying power for Food at employee sites and schools, over time, for $20 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2001	$20.00	1.04%
2002	$20.51	2.54%
2003	$21.30	3.87%
2004	$21.89	2.77%
2005	$22.47	2.67%
2006	$23.25	3.45%
2007	$24.03	3.36%
2008	$24.99	4.00%
2009	$26.03	4.16%
2010	$26.72	2.66%
2011	$27.63	3.38%
2012	$28.47	3.06%
2013	$29.44	3.42%
2014	$29.98	1.83%
2015	$30.66	2.27%
2016	$32.23	5.12%
2017	$32.62	1.21%
2018	$33.77	3.52%
2019	$34.36	1.74%
2020	$33.60	-2.20%
2021	$21.58	-35.79%
2022	$23.76	10.11%
2023	$36.85	55.11%*

* 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:

Year	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	100.000	100.885	103.185	104.415	105.500	108.177	112.362	115.469	118.554	122.638	126.764	131.837	137.322	140.969	145.735	150.188	155.320	158.163	161.749	170.027	172.085	178.138	181.229	177.236	113.811	125.315	194.371

Adjust food at employee sites and schools prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2001 * 2001 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Food at employee sites and schools was 105.500 in the year 2001 and 194.371 in 2023:

194.371 / 105.500 * $20 = $36.85

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2001 has the same "purchasing power" as $36.85 in 2023 (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.