Food from vending machines and mobile vendors price inflation, 2021→2023

Food From Vending Machines And Mobile Vendors Inflation Calculator

Prices for Food From Vending Machines And Mobile Vendors, 2021-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food from vending machines and mobile vendors are 23.06% higher in 2023 versus 2021 (a $4.61 difference in value).

Between 2021 and 2023: Food from vending machines and mobile vendors experienced an average inflation rate of 10.93% per year. This rate of change indicates significant inflation. In other words, food from vending machines and mobile vendors costing $20 in the year 2021 would cost $24.61 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.97% during this same period, inflation for food from vending machines and mobile vendors was significantly higher.

In the year 2021: Pricing changed by 4.61%, which is significantly below the average yearly change for food from vending machines and mobile vendors during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), inflation for food from vending machines and mobile vendors was lower.

Price Inflation for Food from vending machines and mobile vendors since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2023 (13.68%), 2022 (8.25%), and 2008 (4.88%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Food from vending machines and mobile vendors, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2021	$20.00	4.61%
2022	$21.65	8.25%
2023	$24.61	13.68%*

* 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 from vending machines and mobile vendors:

Year	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
CPI	100.000	100.515	101.331	102.423	104.208	105.562	107.715	109.838	112.569	115.100	118.325	124.099	129.729	133.064	135.770	140.168	143.309	143.063	146.252	150.805	154.760	159.532	166.485	170.162	178.001	192.686	219.049

Adjust food from vending machines and mobile vendors prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2021 * 2021 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Food from vending machines and mobile vendors was 178.001 in the year 2021 and 219.049 in 2023:

219.049 / 178.001 * $20 = $24.61

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $24.61 in 2023 (in the CPI category of Food from vending machines and mobile vendors).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food from vending machines and mobile vendors in 1997. In addition to food from vending machines and mobile vendors, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.