According to the U.S. Bureau of Labor Statistics, prices for frankfurters were 655.93% higher in 2021 versus 1951 (a $32.80 difference in value).
Between 1951 and 2021: Hot dogs experienced an average inflation rate of 2.93% per year. This rate of change indicates significant inflation. In other words, hot dogs costing $5 in the year 1951 would cost $37.80 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.38% during this same period, inflation for hot dogs was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Frankfurters:
| Year | 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 | 33.562 | 33.054 | 30.085 | 28.800 | 27.600 | 27.038 | 29.500 | 33.677 | 33.331 | 32.508 | 33.031 | 33.162 | 33.108 | 32.838 | 34.962 | 38.208 | 37.615 | 37.700 | 40.969 | 43.708 | 43.254 | 46.892 | 61.015 | 60.169 | 62.269 | 62.769 | 61.262 | 75.962 | 89.323 | 92.477 | 96.554 | 100.569 | 99.700 | 99.723 | 99.885 | 102.046 | 109.454 | 112.700 | 116.054 | 129.223 | 132.862 | 131.292 | 132.892 | 137.738 | 138.662 | 142.115 | 145.277 | 144.585 | 145.477 | 148.600 | 155.354 | 157.177 | 166.231 | 168.469 | 169.154 | 171.592 | 179.344 | 185.350 | 188.824 | 188.694 | 201.309 | 206.830 | 206.612 | 215.781 | 230.354 | 225.371 | 227.044 | 229.406 | 232.631 | 250.606 | 253.702 |
Below are calculations of equivalent buying power for Hot dogs, over time, for $5 beginning in 1951. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1951 | $5.00 | - |
| 1952 | $4.92 | -1.51% |
| 1953 | $4.48 | -8.98% |
| 1954 | $4.29 | -4.27% |
| 1955 | $4.11 | -4.17% |
| 1956 | $4.03 | -2.03% |
| 1957 | $4.39 | 9.10% |
| 1958 | $5.02 | 14.16% |
| 1959 | $4.97 | -1.03% |
| 1960 | $4.84 | -2.47% |
| 1961 | $4.92 | 1.61% |
| 1962 | $4.94 | 0.40% |
| 1963 | $4.93 | -0.16% |
| 1964 | $4.89 | -0.81% |
| 1965 | $5.21 | 6.47% |
| 1966 | $5.69 | 9.28% |
| 1967 | $5.60 | -1.55% |
| 1968 | $5.62 | 0.22% |
| 1969 | $6.10 | 8.67% |
| 1970 | $6.51 | 6.68% |
| 1971 | $6.44 | -1.04% |
| 1972 | $6.99 | 8.41% |
| 1973 | $9.09 | 30.12% |
| 1974 | $8.96 | -1.39% |
| 1975 | $9.28 | 3.49% |
| 1976 | $9.35 | 0.80% |
| 1977 | $9.13 | -2.40% |
| 1978 | $11.32 | 24.00% |
| 1979 | $13.31 | 17.59% |
| 1980 | $13.78 | 3.53% |
| 1981 | $14.38 | 4.41% |
| 1982 | $14.98 | 4.16% |
| 1983 | $14.85 | -0.86% |
| 1984 | $14.86 | 0.02% |
| 1985 | $14.88 | 0.16% |
| 1986 | $15.20 | 2.16% |
| 1987 | $16.31 | 7.26% |
| 1988 | $16.79 | 2.97% |
| 1989 | $17.29 | 2.98% |
| 1990 | $19.25 | 11.35% |
| 1991 | $19.79 | 2.82% |
| 1992 | $19.56 | -1.18% |
| 1993 | $19.80 | 1.22% |
| 1994 | $20.52 | 3.65% |
| 1995 | $20.66 | 0.67% |
| 1996 | $21.17 | 2.49% |
| 1997 | $21.64 | 2.22% |
| 1998 | $21.54 | -0.48% |
| 1999 | $21.67 | 0.62% |
| 2000 | $22.14 | 2.15% |
| 2001 | $23.14 | 4.54% |
| 2002 | $23.42 | 1.17% |
| 2003 | $24.77 | 5.76% |
| 2004 | $25.10 | 1.35% |
| 2005 | $25.20 | 0.41% |
| 2006 | $25.56 | 1.44% |
| 2007 | $26.72 | 4.52% |
| 2008 | $27.61 | 3.35% |
| 2009 | $28.13 | 1.87% |
| 2010 | $28.11 | -0.07% |
| 2011 | $29.99 | 6.69% |
| 2012 | $30.81 | 2.74% |
| 2013 | $30.78 | -0.11% |
| 2014 | $32.15 | 4.44% |
| 2015 | $34.32 | 6.75% |
| 2016 | $33.58 | -2.16% |
| 2017 | $33.82 | 0.74% |
| 2018 | $34.18 | 1.04% |
| 2019 | $34.66 | 1.41% |
| 2020 | $37.34 | 7.73% |
| 2021 | $37.80 | 1.24%* |