Food away from home priced at $3.99 in 2015 $5.52 in 2023

Food Away From Home Inflation Calculator

$

Prices for Food Away From Home, 2015-2023 ($3.99)

According to the U.S. Bureau of Labor Statistics, prices for food away from home were 38.33% higher in 2023 versus 2015 (a $1.53 difference in value).

Between 2015 and 2023: Food away from home experienced an average inflation rate of 4.14% per year. This rate of change indicates significant inflation. In other words, food away from home costing $3.99 in the year 2015 would cost $5.52 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.19% during this same period, inflation for food away from home was higher.

In the year 2015: Pricing changed by 2.86%, which is below the average yearly change for food away from home during the 2015-2023 time period. Compared to inflation for all items in 2015 (0.12%), 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 (12.76%), 1979 (11.16%), and 1980 (9.93%).

View price changes for other categories
San Diego, California · Jewelry · College tuition and fees · Denver, Colorado · More

Buying power of $3.99 since 2015

Below are calculations of equivalent buying power for Food away from home, over time, for $3.99 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2015$3.992.86%
2016$4.092.58%
2017$4.192.33%
2018$4.302.63%
2019$4.433.09%
2020$4.583.35%
2021$4.794.54%
2022$5.157.66%
2023$5.527.08%
2024$5.672.69%*

* 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:

Year195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI21.53121.90022.13122.56223.43124.10824.79225.44626.00026.71527.30827.77728.40029.70031.23132.86234.87737.47739.40840.98544.18549.82354.48558.16962.57768.27775.90083.43890.93895.80099.985104.208108.323112.554117.031121.769127.392133.408137.915140.700143.223145.654148.962152.662157.008161.069165.100168.985173.854178.292182.100187.508193.415199.385206.659215.769223.272226.114231.401237.986243.068248.981256.101262.695268.826275.893284.410293.944307.296330.822354.256363.797

Adjust food away from home prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2015 * 2015 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Food away from home was 256.101 in the year 2015 and 354.256 in 2023:

354.256 / 256.101 * $3.99 = $5.52

Therefore, according to U.S. Bureau of Labor Statistics, $3.99 in 2015 has the same "purchasing power" as $5.52 in 2023 (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.

» Read more about inflation and investment.