Dairy and related products priced at $20 in 2021 $23.52 in 2023

Dairy And Related Products Inflation Calculator


Prices for Dairy And Related Products, 2021-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for dairy and related products are 17.60% higher in 2023 versus 2021 (a $3.52 difference in value).

Between 2021 and 2023: Dairy and related products experienced an average inflation rate of 8.44% per year. This rate of change indicates significant inflation. In other words, dairy and related products costing $20 in the year 2021 would cost $23.52 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.22% during this same period, inflation for dairy and related products was significantly higher.

In the year 2021: Pricing changed by 1.36%, which is significantly below the average yearly change for dairy and related products during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), inflation for dairy and related products was much 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 2021

Below are calculations of equivalent buying power for Dairy and related products, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust dairy and related products prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2021 * 2021 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Dairy and related products was 231.422 in the year 2021 and 272.156 in 2023:

272.156 / 231.422 * $20 = $23.52

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $23.52 in 2023 (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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