Food at home priced at $20 in 1988 $49.15 in 2022

Food At Home Inflation Calculator

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Prices for Food At Home, 1988-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at home are 145.73% higher in 2022 versus 1988 (a $29.15 difference in value).

Between 1988 and 2022: Food at home experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, food at home costing $20 in the year 1988 would cost $49.15 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation for food at home was lower.

In the year 1988: Pricing changed by 4.17%, which is above the average yearly change for food at home during the 1988-2022 time period. Compared to inflation for all items in 1988 (4.08%), inflation for food at home was higher.

Price Inflation for Food at home since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1973 (16.30%), 1974 (14.85%), and 1951 (11.21%).

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Buying power of $20.00 since 1988

Below are calculations of equivalent buying power for Food at home, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$20.004.17%
1989$21.316.57%
1990$22.706.53%
1991$23.312.66%
1992$23.480.72%
1993$24.032.37%
1994$24.722.87%
1995$25.533.24%
1996$26.483.73%
1997$27.142.49%
1998$27.651.89%
1999$28.181.91%
2000$28.812.24%
2001$29.753.27%
2002$30.131.30%
2003$30.782.15%
2004$31.953.79%
2005$32.561.93%
2006$33.141.76%
2007$34.534.21%
2008$36.746.40%
2009$36.910.47%
2010$37.040.33%
2011$38.814.80%
2012$39.772.46%
2013$40.130.90%
2014$41.092.39%
2015$41.571.17%
2016$41.02-1.31%
2017$40.94-0.20%
2018$41.120.45%
2019$41.490.88%
2020$42.943.50%
2021$44.423.46%
2022$49.1510.63%*

* 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 home:

Year1947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI25.83828.00026.90027.25430.30830.86230.28530.12329.50829.67730.63831.97731.20831.49231.76231.98532.38532.76933.51535.23835.11536.25438.02339.92340.89242.70849.66957.04661.75463.06266.80073.83181.81588.36294.81598.08599.123102.792104.269107.254111.885116.554124.208132.315135.838136.823140.062144.085148.754154.300158.138161.131164.208167.885173.369175.615179.392186.185189.777193.115201.245214.125215.124215.836226.201231.774233.869239.456242.250239.065238.589239.661241.775250.233258.892286.404

Adjust food at home prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1988 * 1988 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Food at home was 116.554 in the year 1988 and 286.404 in 2022:

286.404 / 116.554 * $20 = $49.15

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $49.15 in 2022 (in the CPI category of Food at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food at home in 1947. In addition to food at home, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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