According to the U.S. Bureau of Labor Statistics, prices for full service meals and snacks were 5.58% higher in 2020 versus 2018 (a $1.12 difference in value).
Between 2018 and 2020: Full service meals and snacks experienced an average inflation rate of 2.75% per year. This rate of change indicates significant inflation. In other words, full service meals and snacks costing $20 in the year 2018 would cost $21.12 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for full service meals and snacks was higher.
In the year 2018: Pricing changed by 2.35%, which is below the average yearly change for full service meals and snacks during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), inflation for full service meals and snacks was lower.
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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|