Bacon and related products priced at $20 in 1977 $90.22 in 2021

Bacon And Related Products Inflation Calculator

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Prices for Bacon And Related Products, 1977-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bacon and related products were 351.10% higher in 2021 versus 1977 (a $70.22 difference in value).

Between 1977 and 2021: Bacon and related products experienced an average inflation rate of 3.48% per year. This rate of change indicates significant inflation. In other words, bacon and related products costing $20 in the year 1977 would cost $90.22 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.38% during this same period, inflation for bacon and related products was higher.

In the year 1977: Pricing changed by -8.33%, which is significantly below the average yearly change for bacon and related products during the 1977-2021 time period. Compared to inflation for all items in 1977 (6.50%), inflation for bacon and related products was much lower.

Price Inflation for Bacon and related products since 1939

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (45.64%), 1973 (37.81%), and 1975 (34.38%).

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

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Buying power of $20 since 1977

Below are calculations of equivalent buying power for Bacon and related products, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1977 $20.00 -8.33%
1978 $23.03 15.14%
1979 $21.38 -7.17%
1980 $20.73 -3.02%
1981 $23.49 13.31%
1982 $28.79 22.58%
1983 $28.18 -2.12%
1984 $27.59 -2.09%
1985 $28.57 3.53%
1986 $30.60 7.10%
1987 $32.30 5.57%
1988 $28.44 -11.96%
1989 $27.01 -5.01%
1990 $31.97 18.34%
1991 $33.78 5.67%
1992 $29.49 -12.70%
1993 $31.24 5.93%
1994 $33.30 6.61%
1995 $33.82 1.54%
1996 $41.98 24.13%
1997 $46.24 10.16%
1998 $42.85 -7.33%
1999 $42.70 -0.34%
2000 $50.05 17.20%
2001 $52.04 3.97%
2002 $52.50 0.89%
2003 $55.41 5.54%
2004 $59.77 7.86%
2005 $59.14 -1.04%
2006 $60.04 1.51%
2007 $62.29 3.76%
2008 $61.84 -0.74%
2009 $60.85 -1.59%
2010 $65.46 7.57%
2011 $74.26 13.44%
2012 $75.46 1.63%
2013 $80.02 6.04%
2014 $84.48 5.58%
2015 $79.21 -6.25%
2016 $79.69 0.61%
2017 $85.13 6.83%
2018 $83.66 -1.73%
2019 $85.31 1.97%
2020 $87.54 2.61%
2021 $90.22 3.06%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for bacon and related products, 1977-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1977 * 1977 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Bacon and related products was 70.946 in the year 1977 and 320.036 in 2021:

320.036 / 70.946 * $20 = $90.22

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $90.22 in 2021 (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 1939. 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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