Full service meals and snacks priced at $20 in 1997 $36.10 in 2020

Full Service Meals And Snacks Inflation Calculator

$

Prices for Full Service Meals And Snacks, 1997-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for full service meals and snacks were 80.51% higher in 2020 versus 1997 (a $16.10 difference in value).

Between 1997 and 2020: Full service meals and snacks experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, full service meals and snacks costing $20 in the year 1997 would cost $36.10 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for full service meals and snacks was higher.

Price Inflation for Full service meals and snacks since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (4.01%), 2007 (3.56%), and 2001 (3.20%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Full service meals and snacks:

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
CPI 100.000 101.515 104.277 106.838 110.262 112.962 115.262 118.385 121.885 125.723 130.203 135.422 139.223 141.064 144.371 148.142 151.465 155.269 159.394 163.125 167.059 170.981 176.399 180.514

View price changes for other categories
Wireless telephone services · Women's apparel · Electricity · Parking fees and tolls · More

Buying power of $20 since 1997

Below are calculations of equivalent buying power for Full service meals and snacks, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $20.30 1.52%
1999 $20.86 2.72%
2000 $21.37 2.46%
2001 $22.05 3.20%
2002 $22.59 2.45%
2003 $23.05 2.04%
2004 $23.68 2.71%
2005 $24.38 2.96%
2006 $25.14 3.15%
2007 $26.04 3.56%
2008 $27.08 4.01%
2009 $27.84 2.81%
2010 $28.21 1.32%
2011 $28.87 2.34%
2012 $29.63 2.61%
2013 $30.29 2.24%
2014 $31.05 2.51%
2015 $31.88 2.66%
2016 $32.63 2.34%
2017 $33.41 2.41%
2018 $34.20 2.35%
2019 $35.28 3.17%
2020 $36.10 2.33%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for full service meals and snacks, 1997-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1997 * 1997 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Full service meals and snacks was 100.000 in the year 1997 and 180.514 in 2020:

180.514 / 100.000 * $20 = $36.10

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $36.10 in 2020 (in the CPI category of Full service meals and snacks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Full service meals and snacks in 1997. In addition to full service meals and snacks, 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.