According to the U.S. Bureau of Labor Statistics, prices for chicken were 6.67% higher in 2020 versus 2016 (a $1.33 difference in value).
Between 2016 and 2020: Chicken experienced an average inflation rate of 1.63% per year. In other words, chicken costing $20 in the year 2016 would cost $21.33 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for chicken was lower.
In the year 2016: Pricing changed by -3.04%, which is significantly below the average yearly change for chicken during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for chicken was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Chicken:
Below are calculations of equivalent buying power for Chicken, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|