Other pork including roasts, steaks, and ribs priced at $20 in 2020 $23.65 in 2024

Other Pork Including Roasts, Steaks, And Ribs Inflation Calculator

$

Prices for Other Pork Including Roasts, Steaks, And Ribs, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other pork including roasts, steaks, and ribs are 18.27% higher in 2024 versus 2020 (a $3.65 difference in value).

Between 2020 and 2024: Other pork including roasts, steaks, and ribs experienced an average inflation rate of 4.28% per year. This rate of change indicates significant inflation. In other words, other pork including roasts, steaks, and ribs costing $20 in the year 2020 would cost $23.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.91% during this same period, inflation for other pork including roasts, steaks, and ribs was lower.

In the year 2020: Pricing changed by 9.27%, which is significantly above the average yearly change for other pork including roasts, steaks, and ribs during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for other pork including roasts, steaks, and ribs was much higher.

Price Inflation for Other pork including roasts, steaks, and ribs since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2014 (12.94%), 2021 (11.87%), and 2020 (9.27%).

View price changes for other categories
College tuition and fees · Public transportation · Denver, Colorado · Philadelphia, Pennsylvania · More

Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Other pork including roasts, steaks, and ribs, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2020$20.009.27%
2021$22.3711.87%
2022$23.766.21%
2023$22.88-3.74%
2024$23.653.41%*

* 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 Other pork including roasts, steaks, and ribs:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.00096.68593.53897.862101.86999.19299.162107.300111.477111.454113.155117.852112.591120.031130.343128.557126.146142.465137.591128.797126.564125.406125.790137.449153.769163.315157.211162.565

Adjust other pork including roasts, steaks, and ribs prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Other pork including roasts, steaks, and ribs was 137.449 in the year 2020 and 162.565 in 2024:

162.565 / 137.449 * $20 = $23.65

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $23.65 in 2024 (in the CPI category of Other pork including roasts, steaks, and ribs).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other pork including roasts, steaks, and ribs in 1997. In addition to other pork including roasts, steaks, and ribs, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.