According to the U.S. Bureau of Labor Statistics, prices for full service meals and snacks are 99.87% higher in 2024 versus 2002 (a $19.97 difference in value).
Between 2002 and 2024: Full service meals and snacks experienced an average inflation rate of 3.20% per year. This rate of change indicates significant inflation. In other words, full service meals and snacks costing $20 in the year 2002 would cost $39.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for full service meals and snacks was higher.
In the year 2002: Pricing changed by 2.45%, which is below the average yearly change for full service meals and snacks during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation for full service meals and snacks was higher.
Below are calculations of equivalent buying power for Full service meals and snacks, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2002 | $20.00 | 2.45% |
2003 | $20.41 | 2.04% |
2004 | $20.96 | 2.71% |
2005 | $21.58 | 2.96% |
2006 | $22.26 | 3.15% |
2007 | $23.05 | 3.56% |
2008 | $23.98 | 4.01% |
2009 | $24.65 | 2.81% |
2010 | $24.98 | 1.32% |
2011 | $25.56 | 2.34% |
2012 | $26.23 | 2.61% |
2013 | $26.82 | 2.24% |
2014 | $27.49 | 2.51% |
2015 | $28.22 | 2.66% |
2016 | $28.88 | 2.34% |
2017 | $29.58 | 2.41% |
2018 | $30.27 | 2.35% |
2019 | $31.23 | 3.17% |
2020 | $32.14 | 2.89% |
2021 | $33.58 | 4.51% |
2022 | $36.44 | 8.51% |
2023 | $38.66 | 6.09% |
2024 | $39.97 | 3.40%* |
* 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 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 | 2021 | 2022 | 2023 | 2024 |
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 | 181.503 | 189.681 | 205.825 | 218.353 | 225.778 |