According to the U.S. Bureau of Labor Statistics, prices for beef and veal are 2,777.03% higher in 2024 versus 1943 (a $555.41 difference in value).
Between 1943 and 2024: Beef and veal experienced an average inflation rate of 4.23% per year. This rate of change indicates significant inflation. In other words, beef and veal costing $20 in the year 1943 would cost $575.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.64% during this same period, inflation for beef and veal was higher.
In the year 1943: Pricing changed by 0.95%, which is significantly below the average yearly change for beef and veal during the 1943-2024 time period. Compared to inflation for all items in 1943 (5.98%), inflation for beef and veal was much lower.
Below are calculations of equivalent buying power for Beef and veal, over time, for $20 beginning in 1943. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1943 | $20.00 | 0.95% |
1944 | $19.04 | -4.78% |
1945 | $18.98 | -0.33% |
1946 | $24.16 | 27.28% |
1947 | $34.25 | 41.78% |
1948 | $41.48 | 21.10% |
1949 | $38.69 | -6.74% |
1950 | $42.65 | 10.24% |
1951 | $49.80 | 16.77% |
1952 | $49.37 | -0.86% |
1953 | $38.97 | -21.06% |
1954 | $37.47 | -3.85% |
1955 | $37.06 | -1.09% |
1956 | $36.48 | -1.56% |
1957 | $39.21 | 7.49% |
1958 | $45.62 | 16.34% |
1959 | $46.97 | 2.97% |
1960 | $45.79 | -2.53% |
1961 | $45.05 | -1.61% |
1962 | $46.66 | 3.57% |
1963 | $46.11 | -1.17% |
1964 | $44.79 | -2.87% |
1965 | $46.91 | 4.74% |
1966 | $49.38 | 5.26% |
1967 | $49.70 | 0.64% |
1968 | $51.70 | 4.04% |
1969 | $56.90 | 10.06% |
1970 | $59.39 | 4.38% |
1971 | $62.07 | 4.51% |
1972 | $67.89 | 9.38% |
1973 | $81.38 | 19.87% |
1974 | $83.72 | 2.88% |
1975 | $84.50 | 0.93% |
1976 | $81.73 | -3.27% |
1977 | $81.30 | -0.53% |
1978 | $99.88 | 22.86% |
1979 | $127.11 | 27.26% |
1980 | $134.32 | 5.67% |
1981 | $135.46 | 0.85% |
1982 | $137.38 | 1.42% |
1983 | $135.35 | -1.48% |
1984 | $136.94 | 1.18% |
1985 | $134.05 | -2.11% |
1986 | $134.86 | 0.60% |
1987 | $145.13 | 7.61% |
1988 | $153.06 | 5.46% |
1989 | $162.96 | 6.47% |
1990 | $175.82 | 7.89% |
1991 | $180.85 | 2.86% |
1992 | $180.61 | -0.13% |
1993 | $187.21 | 3.65% |
1994 | $185.65 | -0.83% |
1995 | $184.15 | -0.81% |
1996 | $183.64 | -0.27% |
1997 | $186.75 | 1.69% |
1998 | $186.42 | -0.18% |
1999 | $190.08 | 1.97% |
2000 | $202.20 | 6.37% |
2001 | $219.13 | 8.37% |
2002 | $219.31 | 0.08% |
2003 | $239.09 | 9.02% |
2004 | $266.70 | 11.55% |
2005 | $273.69 | 2.62% |
2006 | $275.91 | 0.81% |
2007 | $288.21 | 4.46% |
2008 | $301.22 | 4.51% |
2009 | $298.06 | -1.05% |
2010 | $306.58 | 2.86% |
2011 | $337.80 | 10.18% |
2012 | $359.26 | 6.35% |
2013 | $366.41 | 1.99% |
2014 | $410.65 | 12.07% |
2015 | $440.39 | 7.24% |
2016 | $412.48 | -6.34% |
2017 | $407.48 | -1.21% |
2018 | $413.20 | 1.41% |
2019 | $419.72 | 1.58% |
2020 | $460.16 | 9.64% |
2021 | $503.04 | 9.32% |
2022 | $529.60 | 5.28% |
2023 | $548.67 | 3.60% |
2024 | $575.41 | 4.87%* |
* 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 Beef and veal:
Year | 1935 | 1936 | 1937 | 1938 | 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 | 2022 | 2023 | 2024 |
CPI | 11.623 | 11.131 | 12.523 | 11.600 | 11.877 | 12.069 | 13.023 | 14.508 | 14.646 | 13.946 | 13.900 | 17.692 | 25.085 | 30.377 | 28.331 | 31.231 | 36.469 | 36.154 | 28.538 | 27.438 | 27.138 | 26.715 | 28.715 | 33.408 | 34.400 | 33.531 | 32.992 | 34.169 | 33.769 | 32.800 | 34.354 | 36.162 | 36.392 | 37.862 | 41.669 | 43.492 | 45.454 | 49.715 | 59.592 | 61.308 | 61.877 | 59.854 | 59.538 | 73.146 | 93.085 | 98.362 | 99.200 | 100.608 | 99.115 | 100.285 | 98.169 | 98.762 | 106.277 | 112.085 | 119.338 | 128.754 | 132.438 | 132.262 | 137.092 | 135.954 | 134.854 | 134.485 | 136.762 | 136.515 | 139.200 | 148.069 | 160.469 | 160.600 | 175.085 | 195.308 | 200.423 | 202.054 | 211.060 | 220.586 | 218.273 | 224.511 | 247.377 | 263.089 | 268.326 | 300.724 | 322.504 | 302.062 | 298.399 | 302.592 | 307.362 | 336.980 | 368.383 | 387.828 | 401.794 | 421.375 |