Dairy and related products priced at $20 in 1998 $33.39 in 2022

Dairy And Related Products Inflation Calculator

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Prices for Dairy And Related Products, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for dairy and related products are 66.95% higher in 2022 versus 1998 (a $13.39 difference in value).

Between 1998 and 2022: Dairy and related products experienced an average inflation rate of 2.16% per year. This rate of change indicates significant inflation. In other words, dairy and related products costing $20 in the year 1998 would cost $33.39 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for dairy and related products was lower.

In the year 1998: Pricing changed by 3.62%, which is above the average yearly change for dairy and related products during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for dairy and related products was higher.

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 1998

Below are calculations of equivalent buying power for Dairy and related products, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.003.62%
1999$21.175.85%
2000$21.310.67%
2001$22.163.98%
2002$22.300.61%
2003$22.27-0.14%
2004$23.907.35%
2005$24.191.21%
2006$24.06-0.56%
2007$25.847.39%
2008$27.918.02%
2009$26.13-6.36%
2010$26.431.13%
2011$28.226.78%
2012$28.822.13%
2013$28.860.13%
2014$29.893.56%
2015$29.50-1.28%
2016$28.83-2.30%
2017$28.850.07%
2018$28.71-0.46%
2019$29.011.03%
2020$30.294.40%
2021$30.701.36%
2022$33.398.76%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Dairy and related products:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI15.32315.98516.56915.66915.06215.94617.60019.70021.17721.00021.06225.95429.28532.20029.35429.03832.38533.76933.17732.11532.05432.90033.83834.36234.60835.35435.89235.68535.57735.86936.00838.31539.99241.32342.65444.72346.11546.85451.16260.73162.62367.70069.52374.20082.79290.94697.42398.78599.969101.262103.162103.354105.915108.354115.608126.523125.100128.508129.369131.738132.831142.092145.500150.769159.592160.669167.069168.092167.862180.200182.385181.362194.770210.396197.013199.245212.745217.270217.554225.310222.418217.306217.455216.462218.693228.322231.422251.703

Adjust dairy and related products prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Dairy and related products was 150.769 in the year 1998 and 251.703 in 2022:

251.703 / 150.769 * $20 = $33.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $33.39 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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