Food priced at $20 in 2008 $28.53 in 2022

Food Inflation Calculator

$

Prices for Food, 2008-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food are 42.63% higher in 2022 versus 2008 (a $8.53 difference in value).

Between 2008 and 2022: Food experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, food costing $20 in the year 2008 would cost $28.53 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.22% during this same period, inflation for food was higher.

In the year 2008: Pricing changed by 5.51%, which is above the average yearly change for food during the 2008-2022 time period. Compared to inflation for all items in 2008 (3.84%), inflation for food was higher.

Price Inflation for Food since 1913

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1917 (28.65%), 1921 (-24.20%), and 1947 (21.43%).

View price changes for other categories
Airline fares · St Louis, Missouri · San Francisco, California · Indoor plants and flowers · More

Buying power of $20.00 since 2008

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

YearUSD ValueInflation Rate
2008$20.005.51%
2009$20.361.80%
2010$20.520.77%
2011$21.283.74%
2012$21.842.61%
2013$22.141.39%
2014$22.672.40%
2015$23.091.86%
2016$23.160.28%
2017$23.360.86%
2018$23.691.40%
2019$24.131.88%
2020$24.963.45%
2021$25.953.94%
2022$28.539.95%*

* 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:

Year19131914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI9.92310.15410.05411.27714.50816.70018.57720.97715.90014.89215.38515.23116.50017.04616.43116.24616.45415.64612.90010.72310.41511.60812.45412.56913.08512.13811.82311.98513.07715.38517.10016.87717.26219.81524.06226.08525.06225.39228.22328.72328.26928.23827.81528.02328.92330.16929.66230.01530.36230.63131.06931.47732.17733.80834.06235.29237.10839.20040.35442.09248.17755.11559.79261.63165.51572.05479.91586.77793.56297.35499.408103.231105.569108.946113.485118.177125.077132.369136.254137.892140.862144.277148.415153.285157.277160.685164.100167.815173.085176.215179.977186.177190.723195.177202.916214.106217.955219.625227.842233.777237.037242.725247.235247.931250.065253.558258.316267.219277.756305.388

Adjust food prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2008 * 2008 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Food was 214.106 in the year 2008 and 305.388 in 2022:

305.388 / 214.106 * $20 = $28.53

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $28.53 in 2022 (in the CPI category of Food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food in 1913. In addition to food, 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.