According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools were 39.82% higher in 2020 versus 2007 (a $7.96 difference in value).
Between 2007 and 2020: Food at employee sites and schools experienced an average inflation rate of 2.61% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 2007 would cost $27.96 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.72% during this same period, inflation for food at employee sites and schools was higher.
In the year 2007: Pricing changed by 3.36%, which is above the average yearly change for food at employee sites and schools during the 2007-2020 time period. Compared to inflation for all items in 2007 (2.85%), inflation for food at employee sites and schools was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food at employee sites and schools:
Below are calculations of equivalent buying power for Food at employee sites and schools, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|