According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools were 20.46% higher in 2020 versus 2012 (a $4.09 difference in value).
Between 2012 and 2020: Food at employee sites and schools experienced an average inflation rate of 2.35% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 2012 would cost $24.09 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for food at employee sites and schools was higher.
In the year 2012: Pricing changed by 3.06%, which is above the average yearly change for food at employee sites and schools during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), 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 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|