According to the U.S. Bureau of Labor Statistics, prices for fresh and frozen chicken parts were 6.90% higher in 2020 versus 2016 (a $1.38 difference in value).
Between 2016 and 2020: Fresh and frozen chicken parts experienced an average inflation rate of 1.68% per year. In other words, fresh and frozen chicken parts costing $20 in the year 2016 would cost $21.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for fresh and frozen chicken parts was lower.
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 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for fresh and frozen chicken parts was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Fresh and frozen chicken parts:
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:
|Year||USD Value||Inflation Rate|