Food at employee sites and schools priced at $20 in 2016 $22.86 in 2023

Food At Employee Sites And Schools Inflation Calculator

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Prices for Food At Employee Sites And Schools, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools are 14.32% higher in 2023 versus 2016 (a $2.86 difference in value).

Between 2016 and 2023: Food at employee sites and schools experienced an average inflation rate of 1.93% per year. In other words, food at employee sites and schools costing $20 in the year 2016 would cost $22.86 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% 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 2016-2023 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: 2023 (55.11%), 2021 (-35.79%), and 2022 (10.11%).

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Buying power of $20.00 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:

YearUSD ValueInflation Rate
2016$20.005.12%
2017$20.241.21%
2018$20.953.52%
2019$21.321.74%
2020$20.85-2.20%
2021$13.39-35.79%
2022$14.7410.11%
2023$22.8655.11%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food at employee sites and schools:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000100.885103.185104.415105.500108.177112.362115.469118.554122.638126.764131.837137.322140.969145.735150.188155.320158.163161.749170.027172.085178.138181.229177.236113.811125.315194.371

Adjust food at employee sites and schools prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 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 194.371 in 2023:

194.371 / 170.027 * $20 = $22.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $22.86 in 2023 (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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