Ham, excluding canned price inflation, 2016→2024

Ham, Excluding Canned Inflation Calculator

Prices for Ham, Excluding Canned, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for ham, excluding canned are 21.59% higher in 2024 versus 2016 (a $4.32 difference in value).

Between 2016 and 2024: Ham, excluding canned experienced an average inflation rate of 2.47% per year. This rate of change indicates significant inflation. In other words, ham, excluding canned costing $20 in the year 2016 would cost $24.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for ham, excluding canned was lower.

In the year 2016: Pricing changed by -6.70%, which is significantly below the average yearly change for ham, excluding canned during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for ham, excluding canned was much lower.

Price Inflation for Ham, excluding canned since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1990 (14.31%), 1982 (12.58%), and 1986 (10.37%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Ham, excluding canned, 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
2016	$20.00	-6.70%
2017	$19.95	-0.26%
2018	$19.82	-0.63%
2019	$20.24	2.11%
2020	$21.31	5.30%
2021	$22.17	4.02%
2022	$24.12	8.79%
2023	$25.14	4.23%
2024	$24.32	-3.26%*

* 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 Ham, excluding canned:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	87.100	87.423	88.015	85.000	89.669	100.954	100.231	98.808	100.723	111.169	120.654	122.292	123.292	140.938	148.062	141.723	144.723	147.015	146.285	158.377	166.762	160.185	157.208	164.915	170.315	172.692	176.292	183.623	197.938	198.615	199.275	204.847	204.304	211.837	225.920	227.735	230.303	249.546	241.498	225.318	224.731	223.326	228.035	240.131	249.777	271.728	283.210	273.973

Adjust ham, excluding canned prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Ham, excluding canned was 225.318 in the year 2016 and 273.973 in 2024:

273.973 / 225.318 * $20 = $24.32

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.32 in 2024 (in the CPI category of Ham, excluding canned).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Ham, excluding canned in 1977. In addition to ham, excluding canned, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.