Ice cream and related products priced at $20 in 1977 $75.07 in 2022

Ice Cream And Related Products Inflation Calculator

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Prices for Ice Cream And Related Products, 1977-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for ice cream and related products are 275.37% higher in 2022 versus 1977 (a $55.07 difference in value).

Between 1977 and 2022: Ice cream and related products experienced an average inflation rate of 2.98% per year. This rate of change indicates significant inflation. In other words, ice cream and related products costing $20 in the year 1977 would cost $75.07 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.53% during this same period, inflation for ice cream and related products was lower.

Price Inflation for Ice cream and related products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.49%), 1979 (11.70%), and 1981 (10.96%).

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Buying power of $20.00 since 1977

Below are calculations of equivalent buying power for Ice cream and related products, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$20.00-
1978$20.954.73%
1979$23.4011.70%
1980$26.5513.49%
1981$29.4610.96%
1982$30.072.05%
1983$30.641.89%
1984$31.452.66%
1985$32.493.30%
1986$33.001.57%
1987$34.133.40%
1988$34.811.99%
1989$36.504.88%
1990$38.976.75%
1991$39.471.28%
1992$40.211.87%
1993$40.470.66%
1994$41.422.33%
1995$42.252.00%
1996$44.425.15%
1997$46.264.14%
1998$47.773.27%
1999$49.684.00%
2000$50.491.63%
2001$53.275.50%
2002$55.013.27%
2003$53.92-1.98%
2004$54.771.57%
2005$54.57-0.36%
2006$55.070.92%
2007$56.342.30%
2008$59.225.12%
2009$60.412.00%
2010$59.91-0.82%
2011$64.237.21%
2012$66.203.06%
2013$66.19-0.01%
2014$66.17-0.03%
2015$67.341.76%
2016$67.410.11%
2017$67.550.21%
2018$67.760.30%
2019$68.150.58%
2020$70.803.88%
2021$71.330.76%
2022$75.075.25%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Ice cream and related products:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI65.10068.17776.15486.43195.90897.87799.731102.385105.762107.423111.077113.292118.815126.838128.462130.869131.738134.808137.508144.592150.577155.500161.723164.354173.392179.054175.508178.269177.623179.254183.382192.776196.622195.014209.084215.475215.461215.396219.194219.431219.891220.552221.833230.445232.187244.367

Adjust ice cream and related products prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1977 * 1977 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Ice cream and related products was 65.100 in the year 1977 and 244.367 in 2022:

244.367 / 65.100 * $20 = $75.07

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $75.07 in 2022 (in the CPI category of Ice cream and related products).


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

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