Lamb and organ meats price inflation, 2002→2017

Lamb And Organ Meats Inflation Calculator

Prices for Lamb And Organ Meats, 2002-2017 ($20)

According to the U.S. Bureau of Labor Statistics, prices for lamb and organ meats are 69.67% higher in 2017 versus 2002 (a $13.93 difference in value).

Between 2002 and 2017: Lamb and organ meats experienced an average inflation rate of 3.59% per year. This rate of change indicates significant inflation. In other words, lamb and organ meats costing $20 in the year 2002 would cost $33.93 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for lamb and organ meats was higher.

In the year 2002: Pricing changed by 8.87%, which is significantly above the average yearly change for lamb and organ meats during the 2002-2017 time period. Compared to inflation for all items in 2002 (1.59%), inflation for lamb and organ meats was much higher.

Price Inflation for Lamb and organ meats since 1977

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

Years with the largest changes in pricing: 1979 (18.16%), 2011 (15.39%), and 1978 (13.90%).

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Buying power of $20.00 since 2002

Below are calculations of equivalent buying power for Lamb and organ meats, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2002	$20.00	8.87%
2003	$21.02	5.08%
2004	$21.59	2.75%
2005	$22.47	4.07%
2006	$24.10	7.22%
2007	$23.68	-1.72%
2008	$26.53	12.03%
2009	$26.79	0.97%
2010	$29.28	9.31%
2011	$33.79	15.39%
2012	$33.48	-0.91%
2013	$32.50	-2.93%
2014	$33.47	2.98%
2015	$34.87	4.20%
2016	$34.87	-0.01%
2017	$33.93	-2.69%*

* 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 Lamb and organ meats:

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
CPI	72.300	82.346	97.300	102.469	104.431	101.092	98.738	100.154	101.438	103.631	110.823	115.562	119.623	125.508	129.123	131.369	137.477	141.038	146.785	155.677	161.600	165.269	161.954	168.992	173.838	189.254	198.877	204.338	212.662	228.011	224.081	251.049	253.482	277.069	319.703	316.804	307.526	316.680	329.991	329.970	321.106

Adjust lamb and organ meats prices for inflation

Start with the inflation rate formula:

CPI in 2017 / CPI in 2002 * 2002 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Lamb and organ meats was 189.254 in the year 2002 and 321.106 in 2017:

321.106 / 189.254 * $20 = $33.93

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $33.93 in 2017 (in the CPI category of Lamb and organ meats).

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