Other food at home priced at $20 in 1988 $48.24 in 2024

Other Food At Home Inflation Calculator

$

Prices for Other Food At Home, 1988-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other food at home are 141.18% higher in 2024 versus 1988 (a $28.24 difference in value).

Between 1988 and 2024: Other food at home experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, other food at home costing $20 in the year 1988 would cost $48.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% during this same period, inflation for other food at home was lower.

In the year 1988: Pricing changed by 2.40%, which is below the average yearly change for other food at home during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for other food at home was lower.

Price Inflation for Other food at home since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1974 (30.10%), 1977 (21.16%), and 1975 (15.94%).

View price changes for other categories
St Louis, Missouri · Televisions · Wireless telephone services · Educational books and supplies · More

Buying power of $20.00 since 1988

Below are calculations of equivalent buying power for Other food at home, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$20.002.40%
1989$21.055.26%
1990$21.823.64%
1991$22.503.11%
1992$22.781.23%
1993$23.061.27%
1994$23.973.94%
1995$24.893.81%
1996$25.271.54%
1997$26.053.08%
1998$26.662.36%
1999$27.131.76%
2000$27.511.41%
2001$28.212.52%
2002$28.420.77%
2003$28.751.13%
2004$29.151.41%
2005$29.521.26%
2006$29.991.60%
2007$30.632.15%
2008$32.566.29%
2009$33.813.83%
2010$33.79-0.05%
2011$34.893.26%
2012$36.213.79%
2013$36.21-0.02%
2014$36.450.66%
2015$37.011.54%
2016$37.040.09%
2017$37.100.16%
2018$37.160.17%
2019$37.320.42%
2020$38.422.95%
2021$39.402.55%
2022$44.5212.98%
2023$47.687.12%
2024$48.241.15%*

* 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 Other food at home:

Year1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI29.28529.77730.67732.86934.28534.59236.72347.77755.39256.42368.36273.63879.01588.40094.95497.34699.531103.123105.700109.385110.485113.131119.085123.423127.262128.831130.462135.608140.769142.938147.338150.815153.469155.638159.562160.785162.600164.885166.962169.631173.275184.166191.220191.124197.358204.844204.812206.158209.334209.523209.865210.220211.093217.325222.875251.811269.729272.844

Adjust other food at home prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1988 * 1988 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other food at home was 113.131 in the year 1988 and 272.844 in 2024:

272.844 / 113.131 * $20 = $48.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $48.24 in 2024 (in the CPI category of Other food at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other food at home in 1967. In addition to other food at home, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.