According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools were 17.11% lower in 2021 versus 2014 (a $3.42 difference in value).
Between 2014 and 2021: Food at employee sites and schools experienced an average inflation rate of -2.64% per year. This rate of change indicates significant deflation. In other words, food at employee sites and schools costing $20 in the year 2014 would cost $16.58 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.63% during this same period, inflation for food at employee sites and schools was significantly lower.
In the year 2014: Pricing changed by 1.83%, which is significantly above the average yearly change for food at employee sites and schools during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), 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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|