Fresh and frozen chicken parts priced at $20 in 2016 $26.54 in 2023

Fresh And Frozen Chicken Parts Inflation Calculator

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Prices for Fresh And Frozen Chicken Parts, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh and frozen chicken parts are 32.71% higher in 2023 versus 2016 (a $6.54 difference in value).

Between 2016 and 2023: Fresh and frozen chicken parts experienced an average inflation rate of 4.13% per year. This rate of change indicates significant inflation. In other words, fresh and frozen chicken parts costing $20 in the year 2016 would cost $26.54 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for fresh and frozen chicken parts was higher.

In the year 2016: Pricing changed by -3.47%, which is significantly below the average yearly change for fresh and frozen chicken parts during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for fresh and frozen chicken parts was much 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%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Fresh and frozen chicken parts, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.00-3.47%
2017$20.291.45%
2018$20.561.32%
2019$20.50-0.28%
2020$21.484.79%
2021$22.786.03%
2022$26.3915.87%
2023$26.540.56%*

* 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:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI74.40082.00886.40891.73196.65494.93896.654108.385104.554114.554114.377123.269135.715135.869134.708134.377140.131145.615146.031155.031157.408157.215156.769157.662163.115166.508170.023182.954186.931180.023190.371199.765201.717200.742202.272212.405222.919225.804225.646217.811220.979223.894223.269233.970248.068287.443289.064

Adjust fresh and frozen chicken parts prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Fresh and frozen chicken parts was 217.811 in the year 2016 and 289.064 in 2023:

289.064 / 217.811 * $20 = $26.54

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $26.54 in 2023 (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.

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