Dairy and related products priced at $20 in 1947 $177.01 in 2022

Dairy And Related Products Inflation Calculator

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Prices for Dairy And Related Products, 1947-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for dairy and related products are 785.05% higher in 2022 versus 1947 (a $157.01 difference in value).

Between 1947 and 2022: Dairy and related products experienced an average inflation rate of 2.95% per year. This rate of change indicates significant inflation. In other words, dairy and related products costing $20 in the year 1947 would cost $177.01 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.49% during this same period, inflation for dairy and related products was lower.

In the year 1947: Pricing changed by 12.83%, which is significantly above the average yearly change for dairy and related products during the 1947-2022 time period. Compared to inflation for all items in 1947 (14.39%), inflation for dairy and related products was lower.

Price Inflation for Dairy and related products since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1946 (23.23%), 1974 (18.70%), and 1947 (12.83%).

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Buying power of $20.00 since 1947

Below are calculations of equivalent buying power for Dairy and related products, over time, for $20 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1947$20.0012.83%
1948$21.999.96%
1949$20.05-8.84%
1950$19.83-1.07%
1951$22.1211.52%
1952$23.064.28%
1953$22.66-1.75%
1954$21.93-3.20%
1955$21.89-0.19%
1956$22.472.64%
1957$23.112.85%
1958$23.471.55%
1959$23.640.72%
1960$24.142.16%
1961$24.511.52%
1962$24.37-0.58%
1963$24.30-0.30%
1964$24.500.82%
1965$24.590.39%
1966$26.176.41%
1967$27.314.38%
1968$28.223.33%
1969$29.133.22%
1970$30.544.85%
1971$31.493.11%
1972$32.001.60%
1973$34.949.19%
1974$41.4818.70%
1975$42.773.12%
1976$46.248.11%
1977$47.482.69%
1978$50.686.73%
1979$56.5411.58%
1980$62.119.85%
1981$66.547.12%
1982$67.471.40%
1983$68.271.20%
1984$69.161.29%
1985$70.451.88%
1986$70.590.19%
1987$72.342.48%
1988$74.002.30%
1989$78.956.69%
1990$86.419.44%
1991$85.44-1.12%
1992$87.762.72%
1993$88.350.67%
1994$89.971.83%
1995$90.720.83%
1996$97.046.97%
1997$99.372.40%
1998$102.973.62%
1999$108.995.85%
2000$109.730.67%
2001$114.103.98%
2002$114.800.61%
2003$114.64-0.14%
2004$123.077.35%
2005$124.561.21%
2006$123.86-0.56%
2007$133.027.39%
2008$143.698.02%
2009$134.55-6.36%
2010$136.071.13%
2011$145.296.78%
2012$148.392.13%
2013$148.580.13%
2014$153.883.56%
2015$151.90-1.28%
2016$148.41-2.30%
2017$148.510.07%
2018$147.83-0.46%
2019$149.361.03%
2020$155.934.40%
2021$158.051.36%
2022$177.0112.00%*

* 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:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI15.32315.98516.56915.66915.06215.94617.60019.70021.17721.00021.06225.95429.28532.20029.35429.03832.38533.76933.17732.11532.05432.90033.83834.36234.60835.35435.89235.68535.57735.86936.00838.31539.99241.32342.65444.72346.11546.85451.16260.73162.62367.70069.52374.20082.79290.94697.42398.78599.969101.262103.162103.354105.915108.354115.608126.523125.100128.508129.369131.738132.831142.092145.500150.769159.592160.669167.069168.092167.862180.200182.385181.362194.770210.396197.013199.245212.745217.270217.554225.310222.418217.306217.455216.462218.693228.322231.422259.184

Adjust dairy and related products prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1947 * 1947 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Dairy and related products was 29.285 in the year 1947 and 259.184 in 2022:

259.184 / 29.285 * $20 = $177.01

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1947 has the same "purchasing power" as $177.01 in 2022 (in the CPI category of Dairy and related products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Dairy and related products in 1935. In addition to dairy 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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