Cheese and related products priced at $20 in 1988 $48.28 in 2024

Cheese And Related Products Inflation Calculator

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Prices for Cheese And Related Products, 1988-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cheese and related products are 141.38% higher in 2024 versus 1988 (a $28.28 difference in value).

Between 1988 and 2024: Cheese and related products experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, cheese and related products costing $20 in the year 1988 would cost $48.28 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.72% during this same period, inflation for cheese and related products was lower.

In the year 1988: Pricing changed by 3.12%, which is above the average yearly change for cheese and related products during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for cheese and related products was lower.

Price Inflation for Cheese and related products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (12.33%), 2008 (12.05%), and 1990 (11.58%).

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Buying power of $20.00 since 1988

Below are calculations of equivalent buying power for Cheese and related products, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1988$20.003.12%
1989$21.527.62%
1990$24.0211.58%
1991$24.321.24%
1992$24.802.00%
1993$24.78-0.11%
1994$24.980.82%
1995$25.241.04%
1996$26.484.93%
1997$27.042.11%
1998$27.883.09%
1999$29.786.81%
2000$29.810.10%
2001$30.682.93%
2002$31.131.45%
2003$31.01-0.37%
2004$33.106.73%
2005$33.561.39%
2006$33.10-1.36%
2007$35.065.90%
2008$39.2812.05%
2009$37.25-5.17%
2010$37.500.68%
2011$39.826.19%
2012$40.722.24%
2013$40.62-0.23%
2014$42.855.48%
2015$42.77-0.18%
2016$41.74-2.43%
2017$41.830.23%
2018$41.970.33%
2019$41.86-0.25%
2020$44.075.26%
2021$44.150.19%
2022$48.088.91%
2023$49.072.05%
2024$48.28-1.61%*

* 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 Cheese and related products:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI68.50071.76980.61588.70896.09298.531100.162101.308103.215103.554105.938109.238117.562131.177132.808135.469135.323136.438137.862144.654147.700152.262162.631162.800167.577170.008169.377180.777183.292180.800191.472214.546203.457204.845217.517222.400221.887234.051233.634227.960228.493229.246228.663240.683241.148262.626267.998263.676

Adjust cheese and related products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1988 * 1988 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cheese and related products was 109.238 in the year 1988 and 263.676 in 2024:

263.676 / 109.238 * $20 = $48.28

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1988 has the same "purchasing power" as $48.28 in 2024 (in the CPI category of Cheese and related products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cheese and related products in 1977. In addition to cheese 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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