According to the U.S. Bureau of Labor Statistics, prices for food away from home are 128.27% higher in 2024 versus 1998 (a $25.65 difference in value).
Between 1998 and 2024: Food away from home experienced an average inflation rate of 3.23% per year. This rate of change indicates significant inflation. In other words, food away from home costing $20 in the year 1998 would cost $45.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for food away from home was higher.
In the year 1998: Pricing changed by 2.59%, which is below the average yearly change for food away from home during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for food away from home was higher.
Below are calculations of equivalent buying power for Food away from home, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 2.59% |
| 1999 | $20.50 | 2.50% |
| 2000 | $20.98 | 2.35% |
| 2001 | $21.59 | 2.88% |
| 2002 | $22.14 | 2.55% |
| 2003 | $22.61 | 2.14% |
| 2004 | $23.28 | 2.97% |
| 2005 | $24.02 | 3.15% |
| 2006 | $24.76 | 3.09% |
| 2007 | $25.66 | 3.65% |
| 2008 | $26.79 | 4.41% |
| 2009 | $27.72 | 3.48% |
| 2010 | $28.08 | 1.27% |
| 2011 | $28.73 | 2.34% |
| 2012 | $29.55 | 2.85% |
| 2013 | $30.18 | 2.14% |
| 2014 | $30.92 | 2.43% |
| 2015 | $31.80 | 2.86% |
| 2016 | $32.62 | 2.58% |
| 2017 | $33.38 | 2.33% |
| 2018 | $34.26 | 2.63% |
| 2019 | $35.32 | 3.09% |
| 2020 | $36.50 | 3.35% |
| 2021 | $38.16 | 4.54% |
| 2022 | $41.08 | 7.66% |
| 2023 | $43.99 | 7.08% |
| 2024 | $45.65 | 3.79%* |
* 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 away from home:
| Year | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 21.531 | 21.900 | 22.131 | 22.562 | 23.431 | 24.108 | 24.792 | 25.446 | 26.000 | 26.715 | 27.308 | 27.777 | 28.400 | 29.700 | 31.231 | 32.862 | 34.877 | 37.477 | 39.408 | 40.985 | 44.185 | 49.823 | 54.485 | 58.169 | 62.577 | 68.277 | 75.900 | 83.438 | 90.938 | 95.800 | 99.985 | 104.208 | 108.323 | 112.554 | 117.031 | 121.769 | 127.392 | 133.408 | 137.915 | 140.700 | 143.223 | 145.654 | 148.962 | 152.662 | 157.008 | 161.069 | 165.100 | 168.985 | 173.854 | 178.292 | 182.100 | 187.508 | 193.415 | 199.385 | 206.659 | 215.769 | 223.272 | 226.114 | 231.401 | 237.986 | 243.068 | 248.981 | 256.101 | 262.695 | 268.826 | 275.893 | 284.410 | 293.944 | 307.296 | 330.822 | 354.256 | 367.674 |