Ham priced at $5.67 in 2002 $8.76 in 2024

Ham Inflation Calculator

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Prices for Ham, 2002-2024 ($5.67)

According to the U.S. Bureau of Labor Statistics, prices for ham are 54.45% higher in 2024 versus 2002 (a $3.09 difference in value).

The current national average price is $5.67 for "Ham, boneless, excluding canned, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 2002 and 2024: Ham experienced an average inflation rate of 2% per year. In other words, ham costing $5.67 in the year 2002 would cost $8.76 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for ham was lower.

In the year 2002: Pricing changed by 1.70%, which is below the average yearly change for ham during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation for ham was higher.

Price Inflation for Ham since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (12.85%), 1982 (10.88%), and 2022 (9.15%).

Price history

The average price for Ham is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Ham, boneless, excluding canned, per lb. (453.6 gm):

YearAverage price (Ham)Inflation adjusted price (2024 dollars)
2024$5.67 (latest available value)$5.67
2023$5.71$5.56
2022$5.29$5.37
2021$4.83$5.34
2020$4.49$5.15
2019$4.24$5.11
2018$4.02$4.98
2017$3.87$4.74
2016$4.03$4.93
2015$4.19$4.80
2014$4.33$4.86
2013$3.98$4.81
2012$3.73$4.54
2011$3.59$4.42
2010$3.39$4.44
2009$3.38$4.59
2008$3.21$4.35
2007$3.13$4.35
2006$3.13$4.40
2005$3.16$4.44
2004$3.05$4.55
2003$2.89$4.41
2002$2.82$4.36
2001$2.74$4.30
2000$2.79$4.51
1999$2.86$4.81
1998$2.81$4.64
1997$2.79$4.41
1996$2.70$4.48
1995$2.54$4.50
1994$2.61$4.63
1993$2.73$4.89
1992$2.75$5.01
1991$2.91$5.13

View price changes for other categories
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Buying power of $5.67 since 2002

Below are calculations of equivalent buying power for Ham, over time, for $5.67 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$5.671.70%
2003$5.741.20%
2004$5.882.50%
2005$6.236.00%
2006$6.23-0.08%
2007$6.291.02%
2008$6.472.90%
2009$6.45-0.38%
2010$6.683.53%
2011$7.116.47%
2012$7.180.98%
2013$7.251.03%
2014$7.817.64%
2015$7.64-2.13%
2016$7.17-6.20%
2017$7.15-0.25%
2018$7.07-1.09%
2019$7.262.63%
2020$7.645.22%
2021$7.913.60%
2022$8.639.15%
2023$9.004.23%
2024$8.76-2.70%*

* 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:

Year19781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI87.02388.16285.48590.762100.638100.96998.37799.792107.408115.785116.469117.308132.385139.908135.577137.869139.338139.608149.169156.338149.992147.015152.731157.323159.992161.908165.962175.915175.769177.557182.700182.013188.430200.627202.600204.695220.332215.633202.259201.745199.538204.777215.466223.219243.643253.952247.101

Adjust ham prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2002 * 2002 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Ham was 159.992 in the year 2002 and 247.101 in 2024:

247.101 / 159.992 * $5.67 = $8.76

Therefore, according to U.S. Bureau of Labor Statistics, $5.67 in 2002 has the same "purchasing power" as $8.76 in 2024 (in the CPI category of Ham).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Ham in 1978. In addition to ham, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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