Limited service meals and snacks price inflation, 1997→2024

Limited Service Meals And Snacks Inflation Calculator

Prices for Limited Service Meals And Snacks, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for limited service meals and snacks are 142.57% higher in 2024 versus 1997 (a $28.51 difference in value).

Between 1997 and 2024: Limited service meals and snacks experienced an average inflation rate of 3.34% per year. This rate of change indicates significant inflation. In other words, limited service meals and snacks costing $20 in the year 1997 would cost $48.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for limited service meals and snacks was higher.

Price Inflation for Limited service meals and snacks since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (7.24%), 2023 (6.99%), and 2021 (6.74%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Limited service meals and snacks, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.24	1.21%
1999	$20.71	2.32%
2000	$21.26	2.67%
2001	$21.92	3.07%
2002	$22.54	2.84%
2003	$22.97	1.91%
2004	$23.71	3.23%
2005	$24.48	3.24%
2006	$25.20	2.94%
2007	$26.11	3.60%
2008	$27.39	4.88%
2009	$28.53	4.17%
2010	$28.77	0.86%
2011	$29.42	2.25%
2012	$30.35	3.16%
2013	$30.93	1.90%
2014	$31.69	2.46%
2015	$32.67	3.10%
2016	$33.54	2.68%
2017	$34.37	2.46%
2018	$35.32	2.76%
2019	$36.41	3.10%
2020	$37.98	4.32%
2021	$40.54	6.74%
2022	$43.48	7.24%
2023	$46.52	6.99%
2024	$48.51	4.29%*

* 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 Limited 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	101.208	103.554	106.323	109.585	112.700	114.854	118.569	122.415	126.015	130.553	136.930	142.641	143.863	147.094	151.747	154.631	158.432	163.340	167.719	171.842	176.582	182.053	189.916	202.720	217.393	232.597	242.570

Adjust limited service meals and snacks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Limited service meals and snacks was 100.000 in the year 1997 and 242.570 in 2024:

242.570 / 100.000 * $20 = $48.51

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $48.51 in 2024 (in the CPI category of Limited service meals and snacks).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Limited service meals and snacks in 1997. In addition to limited service meals and snacks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.