According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food are 504.60% higher in 2024 versus 1973 (a $100.92 difference in value).
Between 1973 and 2024: Domestically produced farm food experienced an average inflation rate of 3.59% per year. This rate of change indicates significant inflation. In other words, domestically produced farm food costing $20 in the year 1973 would cost $120.92 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.91% during this same period, inflation for domestically produced farm food was lower.
In the year 1973: Pricing changed by 17.27%, which is significantly above the average yearly change for domestically produced farm food during the 1973-2024 time period. Compared to inflation for all items in 1973 (6.18%), inflation for domestically produced farm food was much higher.
Below are calculations of equivalent buying power for Domestically produced farm food, over time, for $20 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1973 | $20.00 | 17.27% |
| 1974 | $22.76 | 13.80% |
| 1975 | $24.41 | 7.26% |
| 1976 | $24.66 | 1.01% |
| 1977 | $25.20 | 2.18% |
| 1978 | $28.04 | 11.27% |
| 1979 | $31.32 | 11.71% |
| 1980 | $33.58 | 7.24% |
| 1981 | $36.15 | 7.64% |
| 1982 | $37.46 | 3.61% |
| 1983 | $37.78 | 0.87% |
| 1984 | $39.27 | 3.92% |
| 1985 | $39.73 | 1.17% |
| 1986 | $40.59 | 2.17% |
| 1987 | $42.59 | 4.93% |
| 1988 | $44.48 | 4.44% |
| 1989 | $47.57 | 6.96% |
| 1990 | $50.97 | 7.14% |
| 1991 | $52.45 | 2.90% |
| 1992 | $52.84 | 0.74% |
| 1993 | $54.18 | 2.55% |
| 1994 | $55.48 | 2.39% |
| 1995 | $57.05 | 2.83% |
| 1996 | $59.57 | 4.42% |
| 1997 | $60.99 | 2.39% |
| 1998 | $62.27 | 2.10% |
| 1999 | $63.57 | 2.08% |
| 2000 | $64.94 | 2.15% |
| 2001 | $67.35 | 3.71% |
| 2002 | $68.41 | 1.58% |
| 2003 | $70.11 | 2.48% |
| 2004 | $73.17 | 4.37% |
| 2005 | $74.44 | 1.74% |
| 2006 | $75.60 | 1.55% |
| 2007 | $78.80 | 4.23% |
| 2008 | $84.01 | 6.61% |
| 2009 | $84.12 | 0.13% |
| 2010 | $84.57 | 0.54% |
| 2011 | $88.74 | 4.93% |
| 2012 | $91.12 | 2.69% |
| 2013 | $92.13 | 1.11% |
| 2014 | $94.61 | 2.69% |
| 2015 | $95.82 | 1.28% |
| 2016 | $94.41 | -1.47% |
| 2017 | $94.14 | -0.29% |
| 2018 | $94.55 | 0.44% |
| 2019 | $95.23 | 0.72% |
| 2020 | $98.62 | 3.56% |
| 2021 | $102.07 | 3.50% |
| 2022 | $113.96 | 11.64% |
| 2023 | $119.62 | 4.97% |
| 2024 | $120.92 | 1.08%* |
* 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 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 | 2021 | 2022 | 2023 | 2024 |
| 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 | 258.381 | 267.432 | 298.563 | 313.412 | 316.811 |