According to the U.S. Bureau of Labor Statistics, prices for lunchmeats are 24.50% higher in 2024 versus 2020 (a $4.90 difference in value).
Between 2020 and 2024: Lunchmeats experienced an average inflation rate of 5.63% per year. This rate of change indicates significant inflation. In other words, lunchmeats costing $20 in the year 2020 would cost $24.90 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.91% during this same period, inflation for lunchmeats was higher.
In the year 2020: Pricing changed by 4.34%, which is below the average yearly change for lunchmeats during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for lunchmeats was much higher.
Below are calculations of equivalent buying power for Lunchmeats, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | 4.34% |
| 2021 | $20.49 | 2.46% |
| 2022 | $23.69 | 15.60% |
| 2023 | $24.89 | 5.05% |
| 2024 | $24.90 | 0.06%* |
* 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 Lunchmeats:
| Year | 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 | 100.000 | 99.677 | 100.392 | 102.385 | 105.369 | 108.115 | 109.554 | 114.500 | 117.085 | 118.723 | 120.260 | 124.530 | 128.500 | 128.396 | 134.327 | 136.098 | 136.643 | 141.919 | 147.288 | 147.090 | 144.882 | 143.236 | 144.394 | 150.659 | 154.365 | 178.446 | 187.462 | 187.577 |