According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools were 49.37% higher in 2021 versus 2001 (a $9.87 difference in value).
Between 2001 and 2021: Food at employee sites and schools experienced an average inflation rate of 2.03% 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 $29.87 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.97% 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 2001-2021 time period. Compared to inflation for all items in 2001 (2.83%), inflation for food at employee sites and schools was lower.
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 |
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 | 157.583 |
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 | $29.87 | -11.09%* |