According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools were 6.40% higher in 2020 versus 2016 (a $1.28 difference in value).
Between 2016 and 2020: Food at employee sites and schools experienced an average inflation rate of 1.56% per year. In other words, food at employee sites and schools costing $20 in the year 2016 would cost $21.28 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for food at employee sites and schools was lower.
In the year 2016: Pricing changed by 5.12%, which is significantly above the average yearly change for food at employee sites and schools during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for food at employee sites and schools was much 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|