Beef and veal priced at $20 in 2000 $41.39 in 2019

Historical Price Inflation for Beef and veal

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Prices for Beef And Veal, 2000-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beef and veal were 106.93% higher in 2019 versus 2000 (a $21.39 difference in value).

Between 2000 and 2019: Beef and veal experienced an average inflation rate of 3.90% per year. This rate of change indicates significant inflation. In other words, beef and veal costing $20 in the year 2000 would cost $41.39 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.03% during this same period, inflation for beef and veal was higher.

In the year 2000: Pricing changed by 6.32%, which is above the average yearly change for beef and veal during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for beef and veal was higher.

Price Inflation for Beef and veal since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (27.13%), 1978 (22.82%), and 1953 (-21.12%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Beef and veal:

Year 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 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
CPI 25.050 30.317 28.325 31.192 36.483 36.183 28.542 27.450 27.142 26.717 28.692 33.400 34.408 33.525 32.983 34.175 33.775 32.783 34.375 36.158 36.400 37.875 41.658 43.542 45.467 49.700 59.558 61.283 61.875 59.867 59.567 73.158 93.008 98.375 99.200 100.642 99.092 100.283 98.167 98.758 106.275 112.083 119.342 128.767 132.442 132.250 137.100 135.925 134.825 134.483 136.758 136.517 139.267 148.067 160.467 160.600 175.083 195.308 200.425 202.050 211.060 220.586 218.273 224.511 247.394 263.088 268.342 300.659 322.444 302.037 298.375 302.589 306.397

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Beef and veal, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 6.32%
2001 $21.67 8.37%
2002 $21.69 0.08%
2003 $23.65 9.02%
2004 $26.38 11.55%
2005 $27.07 2.62%
2006 $27.29 0.81%
2007 $28.51 4.46%
2008 $29.80 4.51%
2009 $29.48 -1.05%
2010 $30.33 2.86%
2011 $33.42 10.19%
2012 $35.54 6.34%
2013 $36.25 2.00%
2014 $40.61 12.04%
2015 $43.55 7.25%
2016 $40.80 -6.33%
2017 $40.30 -1.21%
2018 $40.87 1.41%
2019 $41.39 1.26%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for beef and veal, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Beef and veal was 148.067 in the year 2000 and 306.397 in 2019:

306.397 / 148.067 * $20 = $41.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $41.39 in 2019 (in the CPI category of Beef and veal).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Beef and veal in 1947. In addition to beef and veal, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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