According to the U.S. Bureau of Labor Statistics, prices for full service meals and snacks were 10.66% higher in 2020 versus 2016 (a $2.13 difference in value).
Between 2016 and 2020: Full service meals and snacks experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, full service meals and snacks costing $20 in the year 2016 would cost $22.13 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for full service meals and snacks was higher.
In the year 2016: Pricing changed by 2.34%, which is below the average yearly change for full service meals and snacks during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for full service meals and snacks was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Full service meals and snacks:
Below are calculations of equivalent buying power for Full service meals and snacks, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|