According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools are 99% higher in 2024 versus 1998 (a $19.80 difference in value).
Between 1998 and 2024: Food at employee sites and schools experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 1998 would cost $39.80 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for food at employee sites and schools was higher.
In the year 1998: Pricing changed by 0.88%, which is below the average yearly change for food at employee sites and schools during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for food at employee sites and schools was lower.
Below are calculations of equivalent buying power for Food at employee sites and schools, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1998 | $20.00 | 0.88% |
1999 | $20.46 | 2.28% |
2000 | $20.70 | 1.19% |
2001 | $20.91 | 1.04% |
2002 | $21.45 | 2.54% |
2003 | $22.28 | 3.87% |
2004 | $22.89 | 2.77% |
2005 | $23.50 | 2.67% |
2006 | $24.31 | 3.45% |
2007 | $25.13 | 3.36% |
2008 | $26.14 | 4.00% |
2009 | $27.22 | 4.16% |
2010 | $27.95 | 2.66% |
2011 | $28.89 | 3.38% |
2012 | $29.77 | 3.06% |
2013 | $30.79 | 3.42% |
2014 | $31.36 | 1.83% |
2015 | $32.07 | 2.27% |
2016 | $33.71 | 5.12% |
2017 | $34.12 | 1.21% |
2018 | $35.32 | 3.52% |
2019 | $35.93 | 1.74% |
2020 | $35.14 | -2.20% |
2021 | $22.56 | -35.79% |
2022 | $24.84 | 10.11% |
2023 | $38.69 | 55.73% |
2024 | $39.80 | 2.88%* |
* 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 Food at employee sites and schools:
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 | 100.885 | 103.185 | 104.415 | 105.500 | 108.177 | 112.362 | 115.469 | 118.554 | 122.638 | 126.764 | 131.837 | 137.322 | 140.969 | 145.735 | 150.188 | 155.320 | 158.163 | 161.749 | 170.027 | 172.085 | 178.138 | 181.229 | 177.236 | 113.811 | 125.315 | 195.150 | 200.763 |