Beef and veal priced at $20 in 1948 $257.09 in 2022

Beef And Veal Inflation Calculator

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Prices for Beef And Veal, 1948-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beef and veal are 1,185.47% higher in 2022 versus 1948 (a $237.09 difference in value).

Between 1948 and 2022: Beef and veal experienced an average inflation rate of 3.51% per year. This rate of change indicates significant inflation. In other words, beef and veal costing $20 in the year 1948 would cost $257.09 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.42% during this same period, inflation for beef and veal was higher.

In the year 1948: Pricing changed by 21.10%, which is significantly above the average yearly change for beef and veal during the 1948-2022 time period. Compared to inflation for all items in 1948 (7.72%), inflation for beef and veal was much higher.

Price Inflation for Beef and veal since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (41.78%), 1946 (27.28%), and 1979 (27.26%).

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Buying power of $20.00 since 1948

Below are calculations of equivalent buying power for Beef and veal, over time, for $20 beginning in 1948. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1948$20.0021.10%
1949$18.65-6.74%
1950$20.5610.24%
1951$24.0116.77%
1952$23.80-0.86%
1953$18.79-21.06%
1954$18.07-3.85%
1955$17.87-1.09%
1956$17.59-1.56%
1957$18.917.49%
1958$22.0016.34%
1959$22.652.97%
1960$22.08-2.53%
1961$21.72-1.61%
1962$22.503.57%
1963$22.23-1.17%
1964$21.60-2.87%
1965$22.624.74%
1966$23.815.26%
1967$23.960.64%
1968$24.934.04%
1969$27.4310.06%
1970$28.644.38%
1971$29.934.51%
1972$32.739.38%
1973$39.2419.87%
1974$40.362.88%
1975$40.740.93%
1976$39.41-3.27%
1977$39.20-0.53%
1978$48.1622.86%
1979$61.2927.26%
1980$64.765.67%
1981$65.310.85%
1982$66.241.42%
1983$65.26-1.48%
1984$66.031.18%
1985$64.63-2.11%
1986$65.020.60%
1987$69.977.61%
1988$73.805.46%
1989$78.576.47%
1990$84.777.89%
1991$87.202.86%
1992$87.08-0.13%
1993$90.263.65%
1994$89.51-0.83%
1995$88.79-0.81%
1996$88.54-0.27%
1997$90.041.69%
1998$89.88-0.18%
1999$91.651.97%
2000$97.496.37%
2001$105.658.37%
2002$105.740.08%
2003$115.279.02%
2004$128.5911.55%
2005$131.962.62%
2006$133.030.81%
2007$138.964.46%
2008$145.234.51%
2009$143.71-1.05%
2010$147.822.86%
2011$162.8710.18%
2012$173.226.35%
2013$176.661.99%
2014$197.9912.07%
2015$212.347.24%
2016$198.88-6.34%
2017$196.46-1.21%
2018$199.221.41%
2019$202.371.58%
2020$221.879.64%
2021$242.549.32%
2022$257.096.00%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Beef and veal:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI11.62311.13112.52311.60011.87712.06913.02314.50814.64613.94613.90017.69225.08530.37728.33131.23136.46936.15428.53827.43827.13826.71528.71533.40834.40033.53132.99234.16933.76932.80034.35436.16236.39237.86241.66943.49245.45449.71559.59261.30861.87759.85459.53873.14693.08598.36299.200100.60899.115100.28598.16998.762106.277112.085119.338128.754132.438132.262137.092135.954134.854134.485136.762136.515139.200148.069160.469160.600175.085195.308200.423202.054211.060220.586218.273224.511247.377263.089268.326300.724322.504302.062298.399302.592307.362336.980368.383390.486

Adjust beef and veal prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1948 * 1948 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Beef and veal was 30.377 in the year 1948 and 390.486 in 2022:

390.486 / 30.377 * $20 = $257.09

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1948 has the same "purchasing power" as $257.09 in 2022 (in the CPI category of Beef and veal).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Beef and veal in 1935. In addition to beef and veal, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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