Food at employee sites and schools price history from 2016 through 2020

Food At Employee Sites And Schools Inflation Calculator

Prices for Food At Employee Sites And Schools, 2016-2020 ($20)

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.

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	180.915

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Buying power of $20 since 2016

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
2016	$20.00	5.12%
2017	$20.24	1.21%
2018	$20.95	3.52%
2019	$21.32	1.74%
2020	$21.28	-0.17%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for food at employee sites and schools, 2016-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2016 * 2016 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Food at employee sites and schools was 170.027 in the year 2016 and 180.915 in 2020:

180.915 / 170.027 * $20 = $21.28

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $21.28 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.