Food at home priced at $20 in 1972 $119.08 in 2021

Food At Home Inflation Calculator

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Prices for Food At Home, 1972-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for food at home were 495.42% higher in 2021 versus 1972 (a $99.08 difference in value).

Between 1972 and 2021: Food at home experienced an average inflation rate of 3.71% per year. This rate of change indicates significant inflation. In other words, food at home costing $20 in the year 1972 would cost $119.08 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.85% during this same period, inflation for food at home was lower.

In the year 1972: Pricing changed by 4.44%, which is above the average yearly change for food at home during the 1972-2021 time period. Compared to inflation for all items in 1972 (3.27%), inflation for food at home was higher.

Price Inflation for Food at home since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1973 (16.30%), 1974 (14.85%), and 1951 (11.21%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Food at home:

Year 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 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
CPI 25.838 28.000 26.900 27.254 30.308 30.862 30.285 30.123 29.508 29.677 30.638 31.977 31.208 31.492 31.762 31.985 32.385 32.769 33.515 35.238 35.115 36.254 38.023 39.923 40.892 42.708 49.669 57.046 61.754 63.062 66.800 73.831 81.815 88.362 94.815 98.085 99.123 102.792 104.269 107.254 111.885 116.554 124.208 132.315 135.838 136.823 140.062 144.085 148.754 154.300 158.138 161.131 164.208 167.885 173.369 175.615 179.392 186.185 189.777 193.115 201.245 214.125 215.124 215.836 226.201 231.774 233.869 239.456 242.250 239.065 238.589 239.661 241.775 250.233 254.290

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Buying power of $20 since 1972

Below are calculations of equivalent buying power for Food at home, over time, for $20 beginning in 1972. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1972 $20.00 4.44%
1973 $23.26 16.30%
1974 $26.71 14.85%
1975 $28.92 8.25%
1976 $29.53 2.12%
1977 $31.28 5.93%
1978 $34.57 10.53%
1979 $38.31 10.81%
1980 $41.38 8.00%
1981 $44.40 7.30%
1982 $45.93 3.45%
1983 $46.42 1.06%
1984 $48.14 3.70%
1985 $48.83 1.44%
1986 $50.23 2.86%
1987 $52.40 4.32%
1988 $54.58 4.17%
1989 $58.17 6.57%
1990 $61.96 6.53%
1991 $63.61 2.66%
1992 $64.07 0.72%
1993 $65.59 2.37%
1994 $67.47 2.87%
1995 $69.66 3.24%
1996 $72.26 3.73%
1997 $74.06 2.49%
1998 $75.46 1.89%
1999 $76.90 1.91%
2000 $78.62 2.24%
2001 $81.19 3.27%
2002 $82.24 1.30%
2003 $84.01 2.15%
2004 $87.19 3.79%
2005 $88.87 1.93%
2006 $90.44 1.76%
2007 $94.24 4.21%
2008 $100.27 6.40%
2009 $100.74 0.47%
2010 $101.08 0.33%
2011 $105.93 4.80%
2012 $108.54 2.46%
2013 $109.52 0.90%
2014 $112.14 2.39%
2015 $113.45 1.17%
2016 $111.95 -1.31%
2017 $111.73 -0.20%
2018 $112.23 0.45%
2019 $113.22 0.88%
2020 $117.18 3.50%
2021 $119.08 1.62%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for food at home, 1972-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1972 * 1972 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Food at home was 42.708 in the year 1972 and 254.290 in 2021:

254.290 / 42.708 * $20 = $119.08

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1972 has the same "purchasing power" as $119.08 in 2021 (in the CPI category of Food at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Food at home in 1947. In addition to food at home, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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