Domestically produced farm food priced at $20 in 1999 $37.87 in 2024

Domestically Produced Farm Food Inflation Calculator

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Prices for Domestically Produced Farm Food, 1999-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food are 89.34% higher in 2024 versus 1999 (a $17.87 difference in value).

Between 1999 and 2024: Domestically produced farm food experienced an average inflation rate of 2.59% per year. This rate of change indicates significant inflation. In other words, domestically produced farm food costing $20 in the year 1999 would cost $37.87 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for domestically produced farm food was higher.

In the year 1999: Pricing changed by 2.08%, which is below the average yearly change for domestically produced farm food during the 1999-2024 time period. Compared to inflation for all items in 1999 (2.19%), 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 1999

Below are calculations of equivalent buying power for Domestically produced farm food, over time, for $20 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$20.002.08%
2000$20.432.15%
2001$21.193.71%
2002$21.521.58%
2003$22.062.48%
2004$23.024.37%
2005$23.421.74%
2006$23.781.55%
2007$24.794.23%
2008$26.436.61%
2009$26.460.13%
2010$26.610.54%
2011$27.924.93%
2012$28.672.69%
2013$28.981.11%
2014$29.762.69%
2015$30.151.28%
2016$29.70-1.47%
2017$29.62-0.29%
2018$29.750.44%
2019$29.960.72%
2020$31.033.56%
2021$32.113.50%
2022$35.8511.64%
2023$37.634.97%
2024$37.870.62%*

* 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
CPI43.10044.68552.40059.63163.96264.60866.01573.45482.05487.99294.71598.13898.992102.877104.085106.338111.577116.531124.638133.538137.415138.431141.962145.354149.469156.069159.792163.154166.554170.138176.454179.238183.685191.708195.038198.069206.457220.104220.386221.577232.490238.732241.374247.865251.041247.347246.637247.723249.503258.381267.432298.563313.412315.361

Adjust domestically produced farm food prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1999 * 1999 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Domestically produced farm food was 166.554 in the year 1999 and 315.361 in 2024:

315.361 / 166.554 * $20 = $37.87

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1999 has the same "purchasing power" as $37.87 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.

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