Food at home priced at $20 in 2016 $23.96 in 2022

Food At Home Inflation Calculator


Prices for Food At Home, 2016-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at home are 19.80% higher in 2022 versus 2016 (a $3.96 difference in value).

Between 2016 and 2022: Food at home experienced an average inflation rate of 3.06% per year. This rate of change indicates significant inflation. In other words, food at home costing $20 in the year 2016 would cost $23.96 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.31% during this same period, inflation for food at home was lower.

In the year 2016: Pricing changed by -1.31%, which is significantly below the average yearly change for food at home during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for food at home was lower.

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 2016

Below are calculations of equivalent buying power for Food at home, 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

* 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:


Adjust food at home prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Food at home was 239.065 in the year 2016 and 286.404 in 2022:

286.404 / 239.065 * $20 = $23.96

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $23.96 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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