Domestically produced farm food priced at $20 in 1971 $134.48 in 2022

Domestically Produced Farm Food Inflation Calculator

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Prices for Domestically Produced Farm Food, 1971-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food are 572.39% higher in 2022 versus 1971 (a $114.48 difference in value).

Between 1971 and 2022: Domestically produced farm food experienced an average inflation rate of 3.81% per year. This rate of change indicates significant inflation. In other words, domestically produced farm food costing $20 in the year 1971 would cost $134.48 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.92% 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%).

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Buying power of $20.00 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:

YearUSD ValueInflation Rate
1971$20.00-
1972$20.743.68%
1973$24.3217.27%
1974$27.6713.80%
1975$29.687.26%
1976$29.981.01%
1977$30.632.18%
1978$34.0911.27%
1979$38.0811.71%
1980$40.837.24%
1981$43.957.64%
1982$45.543.61%
1983$45.940.87%
1984$47.743.92%
1985$48.301.17%
1986$49.342.17%
1987$51.784.93%
1988$54.074.44%
1989$57.846.96%
1990$61.977.14%
1991$63.772.90%
1992$64.240.74%
1993$65.882.55%
1994$67.452.39%
1995$69.362.83%
1996$72.424.42%
1997$74.152.39%
1998$75.712.10%
1999$77.292.08%
2000$78.952.15%
2001$81.883.71%
2002$83.171.58%
2003$85.242.48%
2004$88.964.37%
2005$90.511.74%
2006$91.911.55%
2007$95.804.23%
2008$102.146.61%
2009$102.270.13%
2010$102.820.54%
2011$107.884.93%
2012$110.782.69%
2013$112.011.11%
2014$115.022.69%
2015$116.491.28%
2016$114.78-1.47%
2017$114.45-0.29%
2018$114.950.44%
2019$115.780.72%
2020$119.903.56%
2021$124.103.50%
2022$134.488.36%*
* Not final. See inflation summary for latest details.

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

Year1971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI43.10044.68552.40059.63163.96264.60866.01573.45482.05487.99294.71598.13898.992102.877104.085106.338111.577116.531124.638133.538137.415138.431141.962145.354149.469156.069159.792163.154166.554170.138176.454179.238183.685191.708195.038198.069206.457220.104220.386221.577232.490238.732241.374247.865251.041247.347246.637247.723249.503258.381267.432289.800

Adjust domestically produced farm food prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1971 * 1971 USD value = 2022 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 289.800 in 2022:

289.800 / 43.100 * $20 = $134.48

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1971 has the same "purchasing power" as $134.48 in 2022 (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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