Food at employee sites and schools price inflation, 2003→2024

Food At Employee Sites And Schools Inflation Calculator

Prices for Food At Employee Sites And Schools, 2003-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools are 79.31% higher in 2024 versus 2003 (a $15.86 difference in value).

Between 2003 and 2024: 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 2003 would cost $35.86 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for food at employee sites and schools was higher.

In the year 2003: Pricing changed by 3.87%, which is above the average yearly change for food at employee sites and schools during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for food at employee sites and schools was higher.

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%).

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Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Food at employee sites and schools, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2003	$20.00	3.87%
2004	$20.55	2.77%
2005	$21.10	2.67%
2006	$21.83	3.45%
2007	$22.56	3.36%
2008	$23.47	4.00%
2009	$24.44	4.16%
2010	$25.09	2.66%
2011	$25.94	3.38%
2012	$26.73	3.06%
2013	$27.65	3.42%
2014	$28.15	1.83%
2015	$28.79	2.27%
2016	$30.26	5.12%
2017	$30.63	1.21%
2018	$31.71	3.52%
2019	$32.26	1.74%
2020	$31.55	-2.20%
2021	$20.26	-35.79%
2022	$22.31	10.11%
2023	$34.74	55.73%
2024	$35.86	3.24%*

* 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	2024
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	195.150	201.476

Adjust food at employee sites and schools prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Food at employee sites and schools was 112.362 in the year 2003 and 201.476 in 2024:

201.476 / 112.362 * $20 = $35.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $35.86 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.