According to the U.S. Bureau of Labor Statistics, prices for limited service meals and snacks are 4.15% higher in 2024 versus 2023 (a $0.83 difference in value).
Between 2023 and 2024: Limited service meals and snacks experienced an average inflation rate of 4.15% per year. This rate of change indicates significant inflation. In other words, limited service meals and snacks costing $20 in the year 2023 would cost $20.83 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for limited service meals and snacks was higher.
In the year 2023: Pricing changed by 6.99%, which is above the average yearly change for limited service meals and snacks during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for limited service meals and snacks was higher.
Below are calculations of equivalent buying power for Limited 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 | 6.99% |
| 2024 | $20.83 | 4.15%* |
* 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 | 242.252 |