According to the U.S. Bureau of Labor Statistics, prices for food at home were 4.08% higher in 2020 versus 2016 (a $0.82 difference in value).
Between 2016 and 2020: Food at home experienced an average inflation rate of 1% per year. In other words, food at home costing $20 in the year 2016 would cost $20.82 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.78% during this same period, inflation for food at home was lower.
In the year 2016: Pricing changed by -1.31%, which is below the average yearly change for food at home during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for food at home was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food at home:
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:
|Year||USD Value||Inflation Rate|