Other food at home price inflation, 2023→2024

Other Food At Home Inflation Calculator

Prices for Other Food At Home, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other food at home are 1.18% higher in 2024 versus 2023 (a $0.24 difference in value).

Between 2023 and 2024: Other food at home experienced an average inflation rate of 1.18% per year. In other words, other food at home costing $20 in the year 2023 would cost $20.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for other food at home was lower.

In the year 2023: Pricing changed by 7.12%, which is significantly above the average yearly change for other food at home during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for other food at home was higher.

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%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Other food at home, 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	7.12%
2024	$20.24	1.18%*

* 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:

Year	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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	29.285	29.777	30.677	32.869	34.285	34.592	36.723	47.777	55.392	56.423	68.362	73.638	79.015	88.400	94.954	97.346	99.531	103.123	105.700	109.385	110.485	113.131	119.085	123.423	127.262	128.831	130.462	135.608	140.769	142.938	147.338	150.815	153.469	155.638	159.562	160.785	162.600	164.885	166.962	169.631	173.275	184.166	191.220	191.124	197.358	204.844	204.812	206.158	209.334	209.523	209.865	210.220	211.093	217.325	222.875	251.811	269.729	272.925

Adjust other food at home prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other food at home was 269.729 in the year 2023 and 272.925 in 2024:

272.925 / 269.729 * $20 = $20.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.24 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.