According to the U.S. Bureau of Labor Statistics, prices for chicken were 11.79% higher in 2020 versus 2012 (a $2.36 difference in value).
Between 2012 and 2020: Chicken experienced an average inflation rate of 1.40% per year. In other words, chicken costing $20 in the year 2012 would cost $22.36 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation for chicken was lower.
In the year 2012: Pricing changed by 4.84%, which is significantly above the average yearly change for chicken during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for chicken was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Chicken:
Year | 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 | 100.000 | 101.385 | 101.815 | 102.454 | 105.508 | 107.569 | 108.877 | 118.169 | 120.592 | 117.600 | 124.363 | 130.727 | 132.622 | 131.821 | 134.250 | 140.754 | 148.246 | 151.667 | 152.141 | 147.513 | 148.556 | 150.268 | 149.907 | 157.347 |
Below are calculations of equivalent buying power for Chicken, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2012 | $20.00 | 4.84% |
2013 | $21.06 | 5.32% |
2014 | $21.55 | 2.31% |
2015 | $21.62 | 0.31% |
2016 | $20.96 | -3.04% |
2017 | $21.11 | 0.71% |
2018 | $21.35 | 1.15% |
2019 | $21.30 | -0.24% |
2020 | $22.36 | 4.96%* |