According to the U.S. Bureau of Labor Statistics, prices for bacon, breakfast sausage, and related products are 3.71% lower in 2023 versus 2022 (a $0.74 difference in value).
Between 2022 and 2023: Bacon, breakfast sausage, and related products experienced an average inflation rate of -3.71% per year. This rate of change indicates significant deflation. In other words, bacon, breakfast sausage, and related products costing $20 in the year 2022 would cost $19.26 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.67% 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 2022-2023 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|
* 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: