Domestically produced farm food priced at $20 in 1984 $61.36 in 2024

Domestically Produced Farm Food Inflation Calculator

$

Prices for Domestically Produced Farm Food, 1984-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food are 206.78% higher in 2024 versus 1984 (a $41.36 difference in value).

Between 1984 and 2024: Domestically produced farm food experienced an average inflation rate of 2.84% per year. This rate of change indicates significant inflation. In other words, domestically produced farm food costing $20 in the year 1984 would cost $61.36 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.77% during this same period, inflation for domestically produced farm food was higher.

In the year 1984: Pricing changed by 3.92%, which is above the average yearly change for domestically produced farm food during the 1984-2024 time period. Compared to inflation for all items in 1984 (4.30%), 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%).

View price changes for other categories
Women's apparel · Wine at home · Airline fares · Phoenix, Arizona · More

Buying power of $20.00 since 1984

Below are calculations of equivalent buying power for Domestically produced farm food, over time, for $20 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1984$20.003.92%
1985$20.231.17%
1986$20.672.17%
1987$21.694.93%
1988$22.654.44%
1989$24.236.96%
1990$25.967.14%
1991$26.712.90%
1992$26.910.74%
1993$27.602.55%
1994$28.262.39%
1995$29.062.83%
1996$30.344.42%
1997$31.062.39%
1998$31.722.10%
1999$32.382.08%
2000$33.082.15%
2001$34.303.71%
2002$34.851.58%
2003$35.712.48%
2004$37.274.37%
2005$37.921.74%
2006$38.511.55%
2007$40.144.23%
2008$42.796.61%
2009$42.840.13%
2010$43.080.54%
2011$45.204.93%
2012$46.412.69%
2013$46.921.11%
2014$48.192.69%
2015$48.801.28%
2016$48.09-1.47%
2017$47.95-0.29%
2018$48.160.44%
2019$48.510.72%
2020$50.233.56%
2021$51.993.50%
2022$58.0411.64%
2023$60.934.97%
2024$61.360.70%*

* 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:

Year197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI43.10044.68552.40059.63163.96264.60866.01573.45482.05487.99294.71598.13898.992102.877104.085106.338111.577116.531124.638133.538137.415138.431141.962145.354149.469156.069159.792163.154166.554170.138176.454179.238183.685191.708195.038198.069206.457220.104220.386221.577232.490238.732241.374247.865251.041247.347246.637247.723249.503258.381267.432298.563313.412315.601

Adjust domestically produced farm food prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1984 * 1984 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Domestically produced farm food was 102.877 in the year 1984 and 315.601 in 2024:

315.601 / 102.877 * $20 = $61.36

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1984 has the same "purchasing power" as $61.36 in 2024 (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.

» Read more about inflation and investment.