Food away from home priced at $20 in 2008 $27.86 in 2021

Food Away From Home Inflation Calculator

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Prices for Food Away From Home, 2008-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food away from home were 39.32% higher in 2021 versus 2008 (a $7.86 difference in value).

Between 2008 and 2021: Food away from home experienced an average inflation rate of 2.58% per year. This rate of change indicates significant inflation. In other words, food away from home costing $20 in the year 2008 would cost $27.86 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.56% during this same period, inflation for food away from home was higher.

In the year 2008: Pricing changed by 4.41%, which is above the average yearly change for food away from home during the 2008-2021 time period. Compared to inflation for all items in 2008 (3.84%), inflation for food away from home was higher.

Price Inflation for Food away from home since 1953

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (12.75%), 1979 (11.19%), and 1980 (9.93%).

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
CPI 21.533 21.900 22.150 22.558 23.417 24.117 24.792 25.442 26.000 26.700 27.317 27.783 28.383 29.700 31.250 32.858 34.858 37.475 39.408 40.975 44.192 49.825 54.492 58.167 62.575 68.275 75.917 83.458 90.933 95.800 99.983 104.208 108.325 112.558 117.033 121.767 127.392 133.400 137.908 140.692 143.225 145.650 148.958 152.658 157.008 161.067 165.100 168.983 173.850 178.292 182.100 187.508 193.417 199.383 206.659 215.769 223.272 226.114 231.401 237.986 243.069 248.981 256.101 262.695 268.826 275.893 284.410 293.944 300.606

View price changes for other categories
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Buying power of $20 since 2008

Below are calculations of equivalent buying power for Food away from home, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2008 $20.00 4.41%
2009 $20.70 3.48%
2010 $20.96 1.27%
2011 $21.45 2.34%
2012 $22.06 2.85%
2013 $22.53 2.14%
2014 $23.08 2.43%
2015 $23.74 2.86%
2016 $24.35 2.58%
2017 $24.92 2.33%
2018 $25.57 2.63%
2019 $26.36 3.09%
2020 $27.25 3.35%
2021 $27.86 2.27%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for food away from home, 2008-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2008 * 2008 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Food away from home was 215.769 in the year 2008 and 300.606 in 2021:

300.606 / 215.769 * $20 = $27.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $27.86 in 2021 (in the CPI category of Food away from home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food away from home in 1953. In addition to food away from 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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