Fresh whole chicken priced at $20 in 1947 $94.42 in 2024

Fresh Whole Chicken Inflation Calculator

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Prices for Fresh Whole Chicken, 1947-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh whole chicken are 372.08% higher in 2024 versus 1947 (a $74.42 difference in value).

Between 1947 and 2024: Fresh whole chicken experienced an average inflation rate of 2.04% per year. This rate of change indicates significant inflation. In other words, fresh whole chicken costing $20 in the year 1947 would cost $94.42 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for fresh whole chicken was lower.

In the year 1947: Pricing changed by 5.34%, which is significantly above the average yearly change for fresh whole chicken during the 1947-2024 time period. Compared to inflation for all items in 1947 (14.39%), inflation for fresh whole chicken was much lower.

Price Inflation for Fresh whole chicken since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1973 (44.27%), 1942 (20.18%), and 1943 (19.06%).

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Buying power of $20.00 since 1947

Below are calculations of equivalent buying power for Fresh whole chicken, over time, for $20 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1947$20.005.34%
1948$22.1810.89%
1949$20.91-5.71%
1950$20.01-4.32%
1951$20.974.79%
1952$21.040.37%
1953$20.52-2.49%
1954$18.53-9.70%
1955$19.284.06%
1956$16.90-12.34%
1957$16.49-2.42%
1958$16.28-1.27%
1959$14.84-8.85%
1960$15.091.64%
1961$13.63-9.66%
1962$14.395.59%
1963$14.18-1.48%
1964$13.86-2.23%
1965$14.333.35%
1966$15.175.92%
1967$14.03-7.56%
1968$14.724.92%
1969$15.575.82%
1970$15.06-3.30%
1971$15.231.12%
1972$15.380.99%
1973$22.1944.27%
1974$20.80-6.25%
1975$23.4312.64%
1976$22.13-5.57%
1977$22.230.49%
1978$24.6510.85%
1979$25.111.87%
1980$27.178.22%
1981$27.772.22%
1982$27.27-1.83%
1983$27.701.60%
1984$31.3613.19%
1985$30.07-4.10%
1986$33.2110.45%
1987$32.60-1.85%
1988$35.9910.41%
1989$39.469.63%
1990$38.83-1.59%
1991$37.90-2.40%
1992$37.950.13%
1993$39.714.65%
1994$40.311.51%
1995$40.931.53%
1996$43.907.27%
1997$45.603.87%
1998$45.920.70%
1999$46.571.41%
2000$46.870.65%
2001$48.343.13%
2002$48.660.66%
2003$47.71-1.95%
2004$52.4810.00%
2005$53.732.38%
2006$52.96-1.43%
2007$56.456.60%
2008$59.815.95%
2009$60.961.91%
2010$60.74-0.36%
2011$63.043.78%
2012$66.034.75%
2013$70.076.12%
2014$72.523.50%
2015$72.940.58%
2016$71.78-1.60%
2017$70.46-1.84%
2018$71.501.48%
2019$71.29-0.29%
2020$75.005.21%
2021$77.813.74%
2022$88.2213.38%
2023$92.544.89%
2024$94.422.03%*

* 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 whole chicken:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI36.22338.33139.80839.68535.58535.96938.72346.53855.40857.27758.59265.97769.50077.06972.66969.53172.86273.13171.30864.39267.00858.73857.31556.58551.57752.42347.36250.00849.26948.16949.78552.73148.74651.14654.12352.33852.92353.44677.10872.28581.42376.88577.26285.64687.24694.41596.51594.75496.269108.969104.500115.415113.277125.069137.115134.938131.700131.869138.000140.085142.223152.562158.469159.577161.823162.877167.977169.092165.792182.369186.708184.031196.176207.853211.823211.065219.049229.451243.490252.024253.483249.434244.847248.459247.733260.639270.383306.568321.563328.095

Adjust fresh whole chicken prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1947 * 1947 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fresh whole chicken was 69.500 in the year 1947 and 328.095 in 2024:

328.095 / 69.500 * $20 = $94.42

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1947 has the same "purchasing power" as $94.42 in 2024 (in the CPI category of Fresh whole chicken).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh whole chicken in 1935. In addition to fresh whole chicken, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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