Food at home priced at $20 in 2008 $28.29 in 2023

Food At Home Inflation Calculator

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Prices for Food At Home, 2008-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at home are 41.46% higher in 2023 versus 2008 (a $8.29 difference in value).

Between 2008 and 2023: Food at home experienced an average inflation rate of 2.34% per year. This rate of change indicates significant inflation. In other words, food at home costing $20 in the year 2008 would cost $28.29 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.33% during this same period, inflation for food at home was higher.

In the year 2008: Pricing changed by 6.40%, which is significantly above the average yearly change for food at home during the 2008-2023 time period. Compared to inflation for all items in 2008 (3.84%), 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 2022 (11.42%).

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Buying power of $20.00 since 2008

Below are calculations of equivalent buying power for Food at home, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$20.006.40%
2009$20.090.47%
2010$20.160.33%
2011$21.134.80%
2012$21.652.46%
2013$21.840.90%
2014$22.372.39%
2015$22.631.17%
2016$22.33-1.31%
2017$22.29-0.20%
2018$22.390.45%
2019$22.580.88%
2020$23.373.50%
2021$24.183.46%
2022$26.9411.42%
2023$28.295.01%*

* 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:

Year19471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI25.83828.00026.90027.25430.30830.86230.28530.12329.50829.67730.63831.97731.20831.49231.76231.98532.38532.76933.51535.23835.11536.25438.02339.92340.89242.70849.66957.04661.75463.06266.80073.83181.81588.36294.81598.08599.123102.792104.269107.254111.885116.554124.208132.315135.838136.823140.062144.085148.754154.300158.138161.131164.208167.885173.369175.615179.392186.185189.777193.115201.245214.125215.124215.836226.201231.774233.869239.456242.250239.065238.589239.661241.775250.233258.892288.451302.892

Adjust food at home prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2008 * 2008 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Food at home was 214.125 in the year 2008 and 302.892 in 2023:

302.892 / 214.125 * $20 = $28.29

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $28.29 in 2023 (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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