Other foods price inflation, 2023→2024

Other Foods Inflation Calculator

Prices for Other Foods, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other foods are 0.70% higher in 2024 versus 2023 (a $0.14 difference in value).

Between 2023 and 2024: Other foods experienced an average inflation rate of 0.70% per year. In other words, other foods costing $20 in the year 2023 would cost $20.14 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for other foods was lower.

In the year 2023: Pricing changed by 6.57%, which is significantly above the average yearly change for other foods during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for other foods was higher.

Price Inflation for Other foods since 1963

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

Years with the largest changes in pricing: 1974 (21.34%), 1975 (12.88%), and 2022 (12.65%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Other foods, 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	6.57%
2024	$20.14	0.70%*

* 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 foods:

Year	1963	1964	1965	1966	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	35.900	35.731	36.069	35.754	36.185	36.838	38.108	39.577	40.754	41.462	43.031	52.215	58.938	61.254	63.431	68.500	75.408	83.562	92.192	96.954	99.992	103.038	106.392	109.177	113.808	117.985	125.492	131.154	137.138	140.123	143.715	147.492	151.092	156.215	161.231	165.508	168.885	172.223	176.038	177.131	178.754	179.685	182.462	184.962	188.244	198.103	205.497	204.553	209.292	216.611	217.701	219.869	223.443	224.093	224.362	224.667	225.250	232.286	237.350	267.379	284.958	286.952

Adjust other foods 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 foods was 284.958 in the year 2023 and 286.952 in 2024:

286.952 / 284.958 * $20 = $20.14

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.14 in 2024 (in the CPI category of Other foods).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other foods in 1963. In addition to other foods, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.