Domestically produced farm food priced at $20 in 1971 $119.19 in 2020

Domestically Produced Farm Food Inflation Calculator

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Prices for Domestically Produced Farm Food, 1971-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food were 495.97% higher in 2020 versus 1971 (a $99.19 difference in value).

Between 1971 and 2020: Domestically produced farm food experienced an average inflation rate of 3.71% per year. This rate of change indicates significant inflation. In other words, domestically produced farm food costing $20 in the year 1971 would cost $119.19 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.85% during this same period, inflation for domestically produced farm food was lower.

Price Inflation for Domestically produced farm food since 1971

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1973 (17.27%), 1974 (13.80%), and 1979 (11.71%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Domestically produced farm food:

Year 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
CPI 43.100 44.685 52.400 59.631 63.962 64.608 66.015 73.454 82.054 87.992 94.715 98.138 98.992 102.877 104.085 106.338 111.577 116.531 124.638 133.538 137.415 138.431 141.962 145.354 149.469 156.069 159.792 163.154 166.554 170.138 176.454 179.238 183.685 191.708 195.038 198.069 206.457 220.104 220.386 221.577 232.490 238.732 241.374 247.865 251.041 247.347 246.637 247.723 249.503 256.863

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Buying power of $20 since 1971

Below are calculations of equivalent buying power for Domestically produced farm food, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1971 $20.00 -
1972 $20.74 3.68%
1973 $24.32 17.27%
1974 $27.67 13.80%
1975 $29.68 7.26%
1976 $29.98 1.01%
1977 $30.63 2.18%
1978 $34.09 11.27%
1979 $38.08 11.71%
1980 $40.83 7.24%
1981 $43.95 7.64%
1982 $45.54 3.61%
1983 $45.94 0.87%
1984 $47.74 3.92%
1985 $48.30 1.17%
1986 $49.34 2.17%
1987 $51.78 4.93%
1988 $54.07 4.44%
1989 $57.84 6.96%
1990 $61.97 7.14%
1991 $63.77 2.90%
1992 $64.24 0.74%
1993 $65.88 2.55%
1994 $67.45 2.39%
1995 $69.36 2.83%
1996 $72.42 4.42%
1997 $74.15 2.39%
1998 $75.71 2.10%
1999 $77.29 2.08%
2000 $78.95 2.15%
2001 $81.88 3.71%
2002 $83.17 1.58%
2003 $85.24 2.48%
2004 $88.96 4.37%
2005 $90.51 1.74%
2006 $91.91 1.55%
2007 $95.80 4.23%
2008 $102.14 6.61%
2009 $102.27 0.13%
2010 $102.82 0.54%
2011 $107.88 4.93%
2012 $110.78 2.69%
2013 $112.01 1.11%
2014 $115.02 2.69%
2015 $116.49 1.28%
2016 $114.78 -1.47%
2017 $114.45 -0.29%
2018 $114.95 0.44%
2019 $115.78 0.72%
2020 $119.19 2.95%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for domestically produced farm food, 1971-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1971 * 1971 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Domestically produced farm food was 43.100 in the year 1971 and 256.863 in 2020:

256.863 / 43.100 * $20 = $119.19

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1971 has the same "purchasing power" as $119.19 in 2020 (in the CPI category of Domestically produced farm food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Domestically produced farm food in 1971. In addition to domestically produced farm food, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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