Fresh and frozen chicken parts priced at $20 in 2003 $34.15 in 2024

Fresh And Frozen Chicken Parts Inflation Calculator

$

Prices for Fresh And Frozen Chicken Parts, 2003-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh and frozen chicken parts are 70.77% higher in 2024 versus 2003 (a $14.15 difference in value).

Between 2003 and 2024: Fresh and frozen chicken parts experienced an average inflation rate of 2.58% per year. This rate of change indicates significant inflation. In other words, fresh and frozen chicken parts costing $20 in the year 2003 would cost $34.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for fresh and frozen chicken parts was higher.

In the year 2003: Pricing changed by 2.11%, which is below the average yearly change for fresh and frozen chicken parts during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for fresh and frozen chicken parts was lower.

Price Inflation for Fresh and frozen chicken parts since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (15.87%), 1984 (12.14%), and 1978 (10.23%).

View price changes for other categories
San Diego, California · Gasoline (all types) · Atlanta, Georgia · Wine at home · More

Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Fresh and frozen chicken parts, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2003$20.002.11%
2004$21.527.61%
2005$21.992.17%
2006$21.18-3.70%
2007$22.395.75%
2008$23.504.93%
2009$23.730.98%
2010$23.61-0.48%
2011$23.790.76%
2012$24.995.01%
2013$26.224.95%
2014$26.561.29%
2015$26.54-0.07%
2016$25.62-3.47%
2017$25.991.45%
2018$26.341.32%
2019$26.26-0.28%
2020$27.524.79%
2021$29.186.03%
2022$33.8115.87%
2023$34.020.63%
2024$34.150.38%*

* 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 Fresh and frozen chicken parts:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI74.40082.00886.40891.73196.65494.93896.654108.385104.554114.554114.377123.269135.715135.869134.708134.377140.131145.615146.031155.031157.408157.215156.769157.662163.115166.508170.023182.954186.931180.023190.371199.765201.717200.742202.272212.405222.919225.804225.646217.811220.979223.894223.269233.970248.068287.443289.251290.344

Adjust fresh and frozen chicken parts prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fresh and frozen chicken parts was 170.023 in the year 2003 and 290.344 in 2024:

290.344 / 170.023 * $20 = $34.15

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $34.15 in 2024 (in the CPI category of Fresh and frozen chicken parts).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh and frozen chicken parts in 1977. In addition to fresh and frozen chicken parts, 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.