Beef and veal priced at $20 in 1971 $170.65 in 2022

Beef And Veal Inflation Calculator

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Prices for Beef And Veal, 1971-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beef and veal are 753.23% higher in 2022 versus 1971 (a $150.65 difference in value).

Between 1971 and 2022: Beef and veal experienced an average inflation rate of 4.29% per year. This rate of change indicates significant inflation. In other words, beef and veal costing $20 in the year 1971 would cost $170.65 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.95% during this same period, inflation for beef and veal was higher.

In the year 1971: Pricing changed by 4.51%, which is above the average yearly change for beef and veal during the 1971-2022 time period. Compared to inflation for all items in 1971 (4.30%), inflation for beef and veal was 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 1971

Below are calculations of equivalent buying power for Beef and veal, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$20.004.51%
1972$21.889.38%
1973$26.2219.87%
1974$26.982.88%
1975$27.230.93%
1976$26.34-3.27%
1977$26.20-0.53%
1978$32.1822.86%
1979$40.9627.26%
1980$43.285.67%
1981$43.650.85%
1982$44.271.42%
1983$43.61-1.48%
1984$44.131.18%
1985$43.20-2.11%
1986$43.460.60%
1987$46.767.61%
1988$49.325.46%
1989$52.516.47%
1990$56.657.89%
1991$58.272.86%
1992$58.20-0.13%
1993$60.323.65%
1994$59.82-0.83%
1995$59.34-0.81%
1996$59.17-0.27%
1997$60.181.69%
1998$60.07-0.18%
1999$61.251.97%
2000$65.156.37%
2001$70.618.37%
2002$70.670.08%
2003$77.049.02%
2004$85.9411.55%
2005$88.192.62%
2006$88.910.81%
2007$92.874.46%
2008$97.064.51%
2009$96.04-1.05%
2010$98.792.86%
2011$108.8510.18%
2012$115.766.35%
2013$118.071.99%
2014$132.3212.07%
2015$141.907.24%
2016$132.91-6.34%
2017$131.30-1.21%
2018$133.141.41%
2019$135.241.58%
2020$148.279.64%
2021$162.099.32%
2022$170.655.28%*

* 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:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI11.62311.13112.52311.60011.87712.06913.02314.50814.64613.94613.90017.69225.08530.37728.33131.23136.46936.15428.53827.43827.13826.71528.71533.40834.40033.53132.99234.16933.76932.80034.35436.16236.39237.86241.66943.49245.45449.71559.59261.30861.87759.85459.53873.14693.08598.36299.200100.60899.115100.28598.16998.762106.277112.085119.338128.754132.438132.262137.092135.954134.854134.485136.762136.515139.200148.069160.469160.600175.085195.308200.423202.054211.060220.586218.273224.511247.377263.089268.326300.724322.504302.062298.399302.592307.362336.980368.383387.828

Adjust beef and veal prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1971 * 1971 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Beef and veal was 45.454 in the year 1971 and 387.828 in 2022:

387.828 / 45.454 * $20 = $170.65

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1971 has the same "purchasing power" as $170.65 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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