Food at employee sites and schools priced at $20 in 2008 $26.89 in 2020

Food At Employee Sites And Schools Inflation Calculator

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Prices for Food At Employee Sites And Schools, 2008-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools were 34.44% higher in 2020 versus 2008 (a $6.89 difference in value).

Between 2008 and 2020: Food at employee sites and schools experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 2008 would cost $26.89 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.55% during this same period, inflation for food at employee sites and schools was higher.

In the year 2008: Pricing changed by 4%, which is above the average yearly change for food at employee sites and schools during the 2008-2020 time period. Compared to inflation for all items in 2008 (3.84%), 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: 2016 (5.12%), 2009 (4.16%), and 2008 (4%).

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
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

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Buying power of $20 since 2008

Below are calculations of equivalent buying power for Food at employee sites and schools, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2008 $20.00 4.00%
2009 $20.83 4.16%
2010 $21.39 2.66%
2011 $22.11 3.38%
2012 $22.78 3.06%
2013 $23.56 3.42%
2014 $23.99 1.83%
2015 $24.54 2.27%
2016 $25.79 5.12%
2017 $26.11 1.21%
2018 $27.02 3.52%
2019 $27.49 1.74%
2020 $26.89 -2.20%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for food at employee sites and schools, 2008-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2008 * 2008 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Food at employee sites and schools was 131.837 in the year 2008 and 177.236 in 2020:

177.236 / 131.837 * $20 = $26.89

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $26.89 in 2020 (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.

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