According to the U.S. Bureau of Labor Statistics, prices for food at home were 2.91% higher in 2020 versus 2019 (a $0.58 difference in value).
Between 2019 and 2020: Food at home experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, food at home costing $20 in the year 2019 would cost $20.58 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.11% during this same period, inflation for food at home was higher.
In the year 2019: Pricing changed by 0.88%, which is below the average yearly change for food at home during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|