Bacon and related products price history from 2001 through 2020

Bacon And Related Products Inflation Calculator

Prices for Bacon And Related Products, 2001-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for bacon and related products were 68.23% higher in 2020 versus 2001 (a $13.65 difference in value).

Between 2001 and 2020: Bacon and related products experienced an average inflation rate of 2.78% per year. This rate of change indicates significant inflation. In other words, bacon and related products costing $20 in the year 2001 would cost $33.65 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.02% during this same period, inflation for bacon and related products was higher.

In the year 2001: Pricing changed by 3.97%, which is above the average yearly change for bacon and related products during the 2001-2020 time period. Compared to inflation for all items in 2001 (2.83%), inflation for bacon and related products was higher.

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
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

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Buying power of $20 since 2001

Below are calculations of equivalent buying power for Bacon and related products, over time, for $20 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2001	$20.00	3.97%
2002	$20.18	0.89%
2003	$21.30	5.54%
2004	$22.97	7.86%
2005	$22.73	-1.04%
2006	$23.08	1.51%
2007	$23.94	3.76%
2008	$23.77	-0.74%
2009	$23.39	-1.59%
2010	$25.16	7.57%
2011	$28.54	13.44%
2012	$29.00	1.63%
2013	$30.75	6.04%
2014	$32.47	5.58%
2015	$30.44	-6.25%
2016	$30.63	0.61%
2017	$32.72	6.83%
2018	$32.15	-1.73%
2019	$32.79	1.97%
2020	$33.65	2.61%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for bacon and related products, 2001-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2001 * 2001 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Bacon and related products was 184.592 in the year 2001 and 310.531 in 2020:

310.531 / 184.592 * $20 = $33.65

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2001 has the same "purchasing power" as $33.65 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 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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