Frozen and freeze dried prepared foods price inflation, 2023→2024

Frozen And Freeze Dried Prepared Foods Inflation Calculator

Prices for Frozen And Freeze Dried Prepared Foods, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for frozen and freeze dried prepared foods are 1.01% lower in 2024 versus 2023 (a $0.20 difference in value).

Between 2023 and 2024: Frozen and freeze dried prepared foods experienced an average inflation rate of -1.01% per year. In other words, frozen and freeze dried prepared foods costing $20 in the year 2023 would cost $19.80 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for frozen and freeze dried prepared foods was significantly lower.

In the year 2023: Pricing changed by 5.30%, which is significantly above the average yearly change for frozen and freeze dried prepared foods during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for frozen and freeze dried prepared foods was higher.

Price Inflation for Frozen and freeze dried prepared foods since 1977

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

Years with the largest changes in pricing: 2022 (15.01%), 1979 (12.78%), and 1980 (10.63%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Frozen and freeze dried prepared foods, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	5.30%
2024	$19.80	-1.01%*

* 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 Frozen and freeze dried prepared foods:

Year	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	2022	2023	2024
CPI	64.900	68.669	77.446	85.677	92.823	96.046	100.146	103.808	108.123	110.977	116.777	121.431	129.108	131.769	136.677	137.538	137.331	139.538	140.231	143.154	145.562	145.554	146.631	148.531	152.354	152.585	150.562	152.469	153.200	153.738	156.737	163.515	168.090	165.300	167.767	169.812	167.791	168.671	170.879	169.674	167.892	166.835	166.681	172.212	176.270	202.737	213.481	211.315

Adjust frozen and freeze dried prepared foods prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Frozen and freeze dried prepared foods was 213.481 in the year 2023 and 211.315 in 2024:

211.315 / 213.481 * $20 = $19.80

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.80 in 2024 (in the CPI category of Frozen and freeze dried prepared foods).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Frozen and freeze dried prepared foods in 1977. In addition to frozen and freeze dried prepared foods, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.