According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools are 9.67% higher in 2023 versus 2020 (a $1.93 difference in value).
Between 2020 and 2023: Food at employee sites and schools experienced an average inflation rate of 3.12% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 2020 would cost $21.93 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.54% during this same period, inflation for food at employee sites and schools was lower.
In the year 2020: Pricing changed by -2.20%, which is significantly below the average yearly change for food at employee sites and schools during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for food at employee sites and schools was much lower.
Below are calculations of equivalent buying power for Food at employee sites and schools, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | -2.20% |
| 2021 | $12.84 | -35.79% |
| 2022 | $14.14 | 10.11% |
| 2023 | $21.93 | 55.11%* |
* 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:
| 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 | 2021 | 2022 | 2023 |
| 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 | 177.236 | 113.811 | 125.315 | 194.371 |