Food at home priced at $20 in 2021 $23.60 in 2024

Food At Home Inflation Calculator


Prices for Food At Home, 2021-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at home are 18.01% higher in 2024 versus 2021 (a $3.60 difference in value).

Between 2021 and 2024: Food at home experienced an average inflation rate of 5.67% per year. This rate of change indicates significant inflation. In other words, food at home costing $20 in the year 2021 would cost $23.60 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.83% during this same period, inflation for food at home was higher.

In the year 2021: Pricing changed by 3.46%, which is below the average yearly change for food at home during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), 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 2022 (11.42%).

View price changes for other categories
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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Food at home, over time, for $20 beginning in 2021. 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 2024 / CPI in 2021 * 2021 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Food at home was 258.892 in the year 2021 and 305.512 in 2024:

305.512 / 258.892 * $20 = $23.60

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $23.60 in 2024 (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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