According to the U.S. Bureau of Labor Statistics, prices for dairy and related products are 1,520.07% higher in 2024 versus 1937 (a $304.01 difference in value).
Between 1937 and 2024: Dairy and related products experienced an average inflation rate of 3.25% per year. This rate of change indicates significant inflation. In other words, dairy and related products costing $20 in the year 1937 would cost $324.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.60% during this same period, inflation for dairy and related products was lower.
In the year 1937: Pricing changed by 3.66%, which is above the average yearly change for dairy and related products during the 1937-2024 time period. Compared to inflation for all items in 1937 (3.72%), inflation for dairy and related products was lower.
Below are calculations of equivalent buying power for Dairy and related products, over time, for $20 beginning in 1937. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1937 | $20.00 | 3.66% |
1938 | $18.91 | -5.43% |
1939 | $18.18 | -3.88% |
1940 | $19.25 | 5.87% |
1941 | $21.24 | 10.37% |
1942 | $23.78 | 11.93% |
1943 | $25.56 | 7.50% |
1944 | $25.35 | -0.84% |
1945 | $25.42 | 0.29% |
1946 | $31.33 | 23.23% |
1947 | $35.35 | 12.83% |
1948 | $38.87 | 9.96% |
1949 | $35.43 | -8.84% |
1950 | $35.05 | -1.07% |
1951 | $39.09 | 11.52% |
1952 | $40.76 | 4.28% |
1953 | $40.05 | -1.75% |
1954 | $38.77 | -3.20% |
1955 | $38.69 | -0.19% |
1956 | $39.71 | 2.64% |
1957 | $40.84 | 2.85% |
1958 | $41.48 | 1.55% |
1959 | $41.77 | 0.72% |
1960 | $42.67 | 2.16% |
1961 | $43.32 | 1.52% |
1962 | $43.07 | -0.58% |
1963 | $42.94 | -0.30% |
1964 | $43.30 | 0.82% |
1965 | $43.46 | 0.39% |
1966 | $46.25 | 6.41% |
1967 | $48.27 | 4.38% |
1968 | $49.88 | 3.33% |
1969 | $51.49 | 3.22% |
1970 | $53.98 | 4.85% |
1971 | $55.66 | 3.11% |
1972 | $56.56 | 1.60% |
1973 | $61.75 | 9.19% |
1974 | $73.31 | 18.70% |
1975 | $75.59 | 3.12% |
1976 | $81.72 | 8.11% |
1977 | $83.92 | 2.69% |
1978 | $89.56 | 6.73% |
1979 | $99.94 | 11.58% |
1980 | $109.78 | 9.85% |
1981 | $117.60 | 7.12% |
1982 | $119.24 | 1.40% |
1983 | $120.67 | 1.20% |
1984 | $122.23 | 1.29% |
1985 | $124.52 | 1.88% |
1986 | $124.75 | 0.19% |
1987 | $127.85 | 2.48% |
1988 | $130.79 | 2.30% |
1989 | $139.55 | 6.69% |
1990 | $152.72 | 9.44% |
1991 | $151.00 | -1.12% |
1992 | $155.12 | 2.72% |
1993 | $156.16 | 0.67% |
1994 | $159.02 | 1.83% |
1995 | $160.33 | 0.83% |
1996 | $171.51 | 6.97% |
1997 | $175.63 | 2.40% |
1998 | $181.99 | 3.62% |
1999 | $192.64 | 5.85% |
2000 | $193.94 | 0.67% |
2001 | $201.66 | 3.98% |
2002 | $202.90 | 0.61% |
2003 | $202.62 | -0.14% |
2004 | $217.51 | 7.35% |
2005 | $220.15 | 1.21% |
2006 | $218.91 | -0.56% |
2007 | $235.10 | 7.39% |
2008 | $253.96 | 8.02% |
2009 | $237.81 | -6.36% |
2010 | $240.50 | 1.13% |
2011 | $256.80 | 6.78% |
2012 | $262.26 | 2.13% |
2013 | $262.60 | 0.13% |
2014 | $271.96 | 3.56% |
2015 | $268.47 | -1.28% |
2016 | $262.30 | -2.30% |
2017 | $262.48 | 0.07% |
2018 | $261.28 | -0.46% |
2019 | $263.98 | 1.03% |
2020 | $275.60 | 4.40% |
2021 | $279.34 | 1.36% |
2022 | $312.85 | 12.00% |
2023 | $325.34 | 3.99% |
2024 | $324.01 | -0.41%* |
* 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 Dairy and related products:
Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 15.323 | 15.985 | 16.569 | 15.669 | 15.062 | 15.946 | 17.600 | 19.700 | 21.177 | 21.000 | 21.062 | 25.954 | 29.285 | 32.200 | 29.354 | 29.038 | 32.385 | 33.769 | 33.177 | 32.115 | 32.054 | 32.900 | 33.838 | 34.362 | 34.608 | 35.354 | 35.892 | 35.685 | 35.577 | 35.869 | 36.008 | 38.315 | 39.992 | 41.323 | 42.654 | 44.723 | 46.115 | 46.854 | 51.162 | 60.731 | 62.623 | 67.700 | 69.523 | 74.200 | 82.792 | 90.946 | 97.423 | 98.785 | 99.969 | 101.262 | 103.162 | 103.354 | 105.915 | 108.354 | 115.608 | 126.523 | 125.100 | 128.508 | 129.369 | 131.738 | 132.831 | 142.092 | 145.500 | 150.769 | 159.592 | 160.669 | 167.069 | 168.092 | 167.862 | 180.200 | 182.385 | 181.362 | 194.770 | 210.396 | 197.013 | 199.245 | 212.745 | 217.270 | 217.554 | 225.310 | 222.418 | 217.306 | 217.455 | 216.462 | 218.693 | 228.322 | 231.422 | 259.184 | 269.528 | 268.433 |