Fresh whole chicken priced at $20 in 1998 $38.16 in 2022

Fresh Whole Chicken Inflation Calculator

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Prices for Fresh Whole Chicken, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh whole chicken are 90.80% higher in 2022 versus 1998 (a $18.16 difference in value).

Between 1998 and 2022: Fresh whole chicken experienced an average inflation rate of 2.73% per year. This rate of change indicates significant inflation. In other words, fresh whole chicken costing $20 in the year 1998 would cost $38.16 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for fresh whole chicken was higher.

In the year 1998: Pricing changed by 0.70%, which is below the average yearly change for fresh whole chicken during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for fresh whole chicken was 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 1998

Below are calculations of equivalent buying power for Fresh whole chicken, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.000.70%
1999$20.281.41%
2000$20.410.65%
2001$21.053.13%
2002$21.190.66%
2003$20.78-1.95%
2004$22.8610.00%
2005$23.402.38%
2006$23.06-1.43%
2007$24.596.60%
2008$26.055.95%
2009$26.551.91%
2010$26.45-0.36%
2011$27.453.78%
2012$28.764.75%
2013$30.526.12%
2014$31.593.50%
2015$31.770.58%
2016$31.26-1.60%
2017$30.69-1.84%
2018$31.141.48%
2019$31.05-0.29%
2020$32.675.21%
2021$33.893.74%
2022$38.1612.61%*

* 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:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI36.22338.33139.80839.68535.58535.96938.72346.53855.40857.27758.59265.97769.50077.06972.66969.53172.86273.13171.30864.39267.00858.73857.31556.58551.57752.42347.36250.00849.26948.16949.78552.73148.74651.14654.12352.33852.92353.44677.10872.28581.42376.88577.26285.64687.24694.41596.51594.75496.269108.969104.500115.415113.277125.069137.115134.938131.700131.869138.000140.085142.223152.562158.469159.577161.823162.877167.977169.092165.792182.369186.708184.031196.176207.853211.823211.065219.049229.451243.490252.024253.483249.434244.847248.459247.733260.639270.383304.476

Adjust fresh whole chicken prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Fresh whole chicken was 159.577 in the year 1998 and 304.476 in 2022:

304.476 / 159.577 * $20 = $38.16

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $38.16 in 2022 (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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