According to the U.S. Bureau of Labor Statistics, prices for bacon, breakfast sausage, and related products are 1.35% lower in 2024 versus 2022 (a $0.27 difference in value).
Between 2022 and 2024: Bacon, breakfast sausage, and related products experienced an average inflation rate of -0.68% per year. In other words, bacon, breakfast sausage, and related products costing $20 in the year 2022 would cost $19.73 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for bacon, breakfast sausage, and related products was significantly lower.
In the year 2022: Pricing changed by 10.55%, which is significantly above the average yearly change for bacon, breakfast sausage, and related products during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for bacon, breakfast sausage, and related products was higher.
Below are calculations of equivalent buying power for Bacon, breakfast sausage, and related products, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $20.00 | 10.55% |
| 2023 | $19.47 | -2.67% |
| 2024 | $19.73 | 1.36%* |
* 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 Bacon, breakfast sausage, and related products:
| 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 | 96.577 | 96.331 | 108.162 | 112.038 | 112.885 | 116.077 | 123.054 | 122.692 | 123.069 | 127.438 | 128.039 | 127.702 | 133.498 | 147.120 | 148.154 | 153.299 | 165.127 | 156.629 | 154.445 | 160.015 | 158.501 | 160.603 | 166.643 | 183.445 | 202.794 | 197.375 | 200.055 |