According to the U.S. Bureau of Labor Statistics, prices for food at employee sites and schools are 2.88% higher in 2024 versus 2023 (a $0.58 difference in value).
Between 2023 and 2024: Food at employee sites and schools experienced an average inflation rate of 2.88% per year. This rate of change indicates significant inflation. In other words, food at employee sites and schools costing $20 in the year 2023 would cost $20.58 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for food at employee sites and schools was higher.
In the year 2023: Pricing changed by 55.73%, which is significantly above the average yearly change for food at employee sites and schools during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for food at employee sites and schools was much higher.
Below are calculations of equivalent buying power for Food at employee sites and schools, 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 | 55.73% |
| 2024 | $20.58 | 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 |