According to the U.S. Bureau of Labor Statistics, prices for bacon and related products were 861.96% higher in 2021 versus 1953 (a $172.39 difference in value).
Between 1953 and 2021: Bacon and related products experienced an average inflation rate of 3.39% per year. This rate of change indicates significant inflation. In other words, bacon and related products costing $20 in the year 1953 would cost $192.39 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.41% during this same period, inflation for bacon and related products was lower.
In the year 1953: Pricing changed by 21.80%, which is significantly above the average yearly change for bacon and related products during the 1953-2021 time period. Compared to inflation for all items in 1953 (0.81%), inflation for bacon and related products was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Bacon and related products:
| Year | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 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 | 2020 | 2021 |
| CPI | 13.600 | 11.892 | 14.985 | 17.223 | 17.985 | 17.100 | 17.231 | 22.485 | 32.746 | 32.423 | 28.038 | 26.846 | 28.300 | 27.315 | 33.269 | 34.500 | 27.862 | 24.554 | 31.546 | 33.777 | 28.285 | 27.854 | 30.338 | 29.977 | 29.085 | 29.223 | 35.615 | 41.908 | 36.792 | 35.800 | 38.777 | 41.946 | 35.531 | 42.992 | 59.246 | 59.031 | 79.323 | 77.392 | 70.946 | 81.685 | 75.831 | 73.538 | 83.323 | 102.138 | 99.977 | 97.885 | 101.338 | 108.531 | 114.577 | 100.877 | 95.823 | 113.392 | 119.823 | 104.600 | 110.808 | 118.131 | 119.954 | 148.900 | 164.031 | 152.000 | 151.477 | 177.538 | 184.592 | 186.238 | 196.562 | 212.008 | 209.800 | 212.977 | 220.978 | 219.349 | 215.861 | 232.207 | 263.405 | 267.691 | 283.854 | 299.687 | 280.969 | 282.682 | 301.979 | 296.766 | 302.619 | 310.531 | 320.036 |
Below are calculations of equivalent buying power for Bacon and related products, over time, for $20 beginning in 1953. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1953 | $20.00 | 21.80% |
| 1954 | $20.74 | 3.70% |
| 1955 | $16.75 | -19.24% |
| 1956 | $14.76 | -11.87% |
| 1957 | $18.96 | 28.48% |
| 1958 | $20.31 | 7.07% |
| 1959 | $17.00 | -16.26% |
| 1960 | $16.74 | -1.52% |
| 1961 | $18.24 | 8.92% |
| 1962 | $18.02 | -1.19% |
| 1963 | $17.48 | -2.98% |
| 1964 | $17.57 | 0.48% |
| 1965 | $21.41 | 21.87% |
| 1966 | $25.19 | 17.67% |
| 1967 | $22.12 | -12.21% |
| 1968 | $21.52 | -2.70% |
| 1969 | $23.31 | 8.32% |
| 1970 | $25.22 | 8.17% |
| 1971 | $21.36 | -15.29% |
| 1972 | $25.85 | 21.00% |
| 1973 | $35.62 | 37.81% |
| 1974 | $35.49 | -0.36% |
| 1975 | $47.69 | 34.38% |
| 1976 | $46.52 | -2.43% |
| 1977 | $42.65 | -8.33% |
| 1978 | $49.11 | 15.14% |
| 1979 | $45.59 | -7.17% |
| 1980 | $44.21 | -3.02% |
| 1981 | $50.09 | 13.31% |
| 1982 | $61.40 | 22.58% |
| 1983 | $60.10 | -2.12% |
| 1984 | $58.84 | -2.09% |
| 1985 | $60.92 | 3.53% |
| 1986 | $65.24 | 7.10% |
| 1987 | $68.88 | 5.57% |
| 1988 | $60.64 | -11.96% |
| 1989 | $57.60 | -5.01% |
| 1990 | $68.17 | 18.34% |
| 1991 | $72.03 | 5.67% |
| 1992 | $62.88 | -12.70% |
| 1993 | $66.61 | 5.93% |
| 1994 | $71.02 | 6.61% |
| 1995 | $72.11 | 1.54% |
| 1996 | $89.51 | 24.13% |
| 1997 | $98.61 | 10.16% |
| 1998 | $91.38 | -7.33% |
| 1999 | $91.06 | -0.34% |
| 2000 | $106.73 | 17.20% |
| 2001 | $110.97 | 3.97% |
| 2002 | $111.96 | 0.89% |
| 2003 | $118.16 | 5.54% |
| 2004 | $127.45 | 7.86% |
| 2005 | $126.12 | -1.04% |
| 2006 | $128.03 | 1.51% |
| 2007 | $132.84 | 3.76% |
| 2008 | $131.86 | -0.74% |
| 2009 | $129.77 | -1.59% |
| 2010 | $139.59 | 7.57% |
| 2011 | $158.35 | 13.44% |
| 2012 | $160.92 | 1.63% |
| 2013 | $170.64 | 6.04% |
| 2014 | $180.16 | 5.58% |
| 2015 | $168.91 | -6.25% |
| 2016 | $169.94 | 0.61% |
| 2017 | $181.54 | 6.83% |
| 2018 | $178.40 | -1.73% |
| 2019 | $181.92 | 1.97% |
| 2020 | $186.68 | 2.61% |
| 2021 | $192.39 | 3.06%* |