Other food away from home price inflation, 2016→2024

Other Food Away From Home Inflation Calculator

Prices for Other Food Away From Home, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other food away from home are 33.43% higher in 2024 versus 2016 (a $6.69 difference in value).

Between 2016 and 2024: Other food away from home experienced an average inflation rate of 3.67% per year. This rate of change indicates significant inflation. In other words, other food away from home costing $20 in the year 2016 would cost $26.69 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for other food away from home was higher.

In the year 2016: Pricing changed by 1.71%, which is below the average yearly change for other food away from home during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for other food away from home was higher.

Price Inflation for Other food away from home since 1997

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

Years with the largest changes in pricing: 2023 (6.95%), 2022 (5.73%), and 2007 (5.45%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Other food away from home, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	1.71%
2017	$20.20	1.02%
2018	$21.00	3.95%
2019	$21.50	2.36%
2020	$21.96	2.15%
2021	$22.59	2.88%
2022	$23.89	5.73%
2023	$25.55	6.95%
2024	$26.69	4.46%*

* 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 away from home:

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	101.577	105.162	109.008	113.400	117.700	121.254	125.269	131.315	136.623	144.068	150.640	155.852	159.276	162.794	166.503	169.637	173.762	179.625	182.692	184.548	191.845	196.368	200.597	206.384	218.209	233.367	243.771

Adjust other food away from home prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other food away from home was 182.692 in the year 2016 and 243.771 in 2024:

243.771 / 182.692 * $20 = $26.69

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $26.69 in 2024 (in the CPI category of Other food away from home).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other food away from home in 1997. In addition to other food away from home, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.