Other pork including roasts, steaks, and ribs price inflation, 2021→2022

Other Pork Including Roasts, Steaks, And Ribs Inflation Calculator

Prices for Other Pork Including Roasts, Steaks, And Ribs, 2021-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other pork including roasts, steaks, and ribs were 6.21% higher in 2022 versus 2021 (a $1.24 difference in value).

Between 2021 and 2022: Other pork including roasts, steaks, and ribs experienced an average inflation rate of 6.21% per year. This rate of change indicates significant inflation. In other words, other pork including roasts, steaks, and ribs costing $20 in the year 2021 would cost $21.24 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 8.00% during this same period, inflation for other pork including roasts, steaks, and ribs was lower.

In the year 2021: Pricing changed by 11.87%, which is significantly above the average yearly change for other pork including roasts, steaks, and ribs during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), 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%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Other pork including roasts, steaks, and ribs, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2021	$20.00	11.87%
2022	$21.24	6.21%
2023	$20.45	-3.74%
2024	$20.65	0.99%*

* 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:

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	96.685	93.538	97.862	101.869	99.192	99.162	107.300	111.477	111.454	113.155	117.852	112.591	120.031	130.343	128.557	126.146	142.465	137.591	128.797	126.564	125.406	125.790	137.449	153.769	163.315	157.211	158.765

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

Start with the inflation rate formula:

CPI in 2022 / CPI in 2021 * 2021 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Other pork including roasts, steaks, and ribs was 153.769 in the year 2021 and 163.315 in 2022:

163.315 / 153.769 * $20 = $21.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $21.24 in 2022 (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.