According to the U.S. Bureau of Labor Statistics, prices for food away from home were 15.01% higher in 2021 versus 2016 (a $3 difference in value).
Between 2016 and 2021: Food away from home experienced an average inflation rate of 2.84% per year. This rate of change indicates significant inflation. In other words, food away from home costing $20 in the year 2016 would cost $23 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for food away from home was higher.
In the year 2016: Pricing changed by 2.58%, which is below the average yearly change for food away from home during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for food away from home was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food away from home:
Below are calculations of equivalent buying power for Food away from home, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|