According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools were 8.43% lower in 2021 versus 2017 (a $1.69 difference in value).
Between 2017 and 2021: Food at employee sites and schools experienced an average inflation rate of -2.18% per year. This rate of change indicates significant deflation. In other words, food at employee sites and schools costing $20 in the year 2017 would cost $18.31 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.64% during this same period, inflation for food at employee sites and schools was significantly lower.
In the year 2017: Pricing changed by 1.21%, which is significantly above the average yearly change for food at employee sites and schools during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for food at employee sites and schools was lower.
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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|