Hot dogs priced at $5 in 2001 $9.85 in 2024

Hot Dogs Inflation Calculator

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Prices for Hot Dogs, 2001-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for frankfurters are 97.02% higher in 2024 versus 2001 (a $4.85 difference in value).

The current national average price is $5.22 for "Frankfurters, all meat or all beef, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 2001 and 2024: Hot dogs experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, hot dogs costing $5 in the year 2001 would cost $9.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for hot dogs was higher.

In the year 2001: Pricing changed by 4.54%, which is above the average yearly change for hot dogs during the 2001-2024 time period. Compared to inflation for all items in 2001 (2.83%), inflation for hot dogs was higher.

Price Inflation for Frankfurters since 1951

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1973 (30.12%), 1978 (24%), and 1979 (17.59%).

Price history

The average price for Hot dogs is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Frankfurters, all meat or all beef, per lb. (453.6 gm):

YearAverage price (Hot dogs)Inflation adjusted price (2024 dollars)
2022$5.09$5.09
2021$4.01$4.45
2020$3.54$3.95
2019$3.10$3.73
2018$2.92$3.56
2017$2.85$3.52
2016$3.24$4.03
2015$3.57$4.34
2014$2.27$2.94
2013$2.27$3.07
2012$2.27$3.07
2011$2.27$3.15
2010$2.27$3.36
2009$2.27$3.36
2008$2.27$3.42
2007$2.27$3.54
2006$2.27$3.70
2005$2.27$3.75
2004$2.27$3.77
2003$2.27$3.82
2002$2.27$4.04
2001$2.27$4.08
2000$2.27$4.27
1999$2.27$4.36
1998$2.27$4.39
1997$2.27$4.37
1996$2.08$4.10
1995$2.03$4.09
1994$2.11$4.30
1993$2.11$4.44
1992$2.24$4.78
1991$2.35$4.96
1990$2.29$4.96
1989$2.06$4.98
1988$2.02$5.03
1987$1.99$5.09
1986$1.93$5.30
1985$1.81$5.09
1984$1.80$5.05
1983$1.81$5.08
1982$1.82$5.06
1981$1.77$5.13
1980$1.72$5.21

View price changes for other categories
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Buying power of $5.00 since 2001

Below are calculations of equivalent buying power for Hot dogs, over time, for $5 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2001$5.004.54%
2002$5.061.17%
2003$5.355.76%
2004$5.421.35%
2005$5.440.41%
2006$5.521.44%
2007$5.774.52%
2008$5.973.35%
2009$6.081.87%
2010$6.07-0.07%
2011$6.486.69%
2012$6.662.74%
2013$6.65-0.11%
2014$6.944.44%
2015$7.416.75%
2016$7.25-2.16%
2017$7.310.74%
2018$7.381.04%
2019$7.491.41%
2020$8.077.73%
2021$8.120.73%
2022$9.0210.97%
2023$9.333.52%
2024$9.855.55%*

* 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 Frankfurters:

Year19511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI33.56233.05430.08528.80027.60027.03829.50033.67733.33132.50833.03133.16233.10832.83834.96238.20837.61537.70040.96943.70843.25446.89261.01560.16962.26962.76961.26275.96289.32392.47796.554100.56999.70099.72399.885102.046109.454112.700116.054129.223132.862131.292132.892137.738138.662142.115145.277144.585145.477148.600155.354157.177166.231168.469169.154171.592179.344185.350188.824188.694201.309206.830206.612215.781230.354225.371227.044229.406232.631250.606252.430280.130289.987306.080

Adjust hot dogs prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2001 * 2001 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Frankfurters was 155.354 in the year 2001 and 306.080 in 2024:

306.080 / 155.354 * $5 = $9.85

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2001 has the same "purchasing power" as $9.85 in 2024 (in the CPI category of Frankfurters).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Frankfurters in 1951. In addition to hot dogs, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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