Full service meals and snacks price inflation, 2018→2024

Full Service Meals And Snacks Inflation Calculator

Prices for Full Service Meals And Snacks, 2018-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for full service meals and snacks are 32.25% higher in 2024 versus 2018 (a $6.45 difference in value).

Between 2018 and 2024: Full service meals and snacks experienced an average inflation rate of 4.77% 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 $26.45 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.77% 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 2018-2024 time period. Compared to inflation for all items in 2018 (2.44%), inflation for full service meals and snacks was lower.

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: 2022 (8.51%), 2023 (6.09%), and 2021 (4.51%).

View price changes for other categories
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Buying power of $20.00 since 2018

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
2018	$20.00	2.35%
2019	$20.63	3.17%
2020	$21.23	2.89%
2021	$22.19	4.51%
2022	$24.08	8.51%
2023	$25.54	6.09%
2024	$26.45	3.56%*

* 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	226.121

Adjust full service meals and snacks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2018 * 2018 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Full service meals and snacks was 170.981 in the year 2018 and 226.121 in 2024:

226.121 / 170.981 * $20 = $26.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $26.45 in 2024 (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.