According to the U.S. Bureau of Labor Statistics, prices for full service meals and snacks are 3.40% higher in 2024 versus 2023 (a $0.68 difference in value).
Between 2023 and 2024: Full service meals and snacks experienced an average inflation rate of 3.40% per year. This rate of change indicates significant inflation. In other words, full service meals and snacks costing $20 in the year 2023 would cost $20.68 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for full service meals and snacks was higher.
In the year 2023: Pricing changed by 6.09%, which is above the average yearly change for full service meals and snacks during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | 6.09% |
| 2024 | $20.68 | 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 |