Bacon and related products priced at $20 in 2018 $20.45 in 2020

Bacon And Related Products Inflation Calculator


Prices for Bacon And Related Products, 2018-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bacon and related products were 2.25% higher in 2020 versus 2018 (a $0.45 difference in value).

Between 2018 and 2020: Bacon and related products experienced an average inflation rate of 1.12% per year. In other words, bacon and related products costing $20 in the year 2018 would cost $20.45 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.46% during this same period, inflation for bacon and related products was lower.

Price Inflation for Bacon and related products since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2019 (1.97%), and 2020 (0.27%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Bacon and related products:

Year 2018 2019 2020
CPI 296.766 302.619 303.446

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Buying power of $20 since 2018

Below are calculations of equivalent buying power for Bacon and related products, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2018 $20.00 -
2019 $20.39 1.97%
2020 $20.45 0.27%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for bacon and related products, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Bacon and related products was 296.766 in the year 2018 and 303.446 in 2020:

303.446 / 296.766 * $20 = $20.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $20.45 in 2020 (in the CPI category of Bacon and related products).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Bacon and related products in 2018. In addition to bacon and related products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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