Pork chops price inflation, 2020→2024

Pork Chops Inflation Calculator

Prices for Pork Chops, 2020-2024 ($20)

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

Between 2020 and 2024: Pork chops experienced an average inflation rate of 4.28% per year. This rate of change indicates significant inflation. In other words, pork chops 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 pork chops was lower.

In the year 2020: Pricing changed by 9.84%, which is significantly above the average yearly change for pork chops during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for pork chops was much higher.

Price Inflation for Pork chops since 1939

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

Years with the largest changes in pricing: 1947 (49%), 1946 (30.82%), and 1973 (25.07%).

View price changes for other categories
Admission to sporting events · Parking fees and tolls · San Diego, California · Televisions · More

Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Pork chops, 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	9.84%
2021	$21.31	6.54%
2022	$22.88	7.37%
2023	$22.88	0.01%
2024	$23.65	3.38%*

* 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 Pork chops:

Year	1939	1940	1941	1942	1943	1944	1945	1946	1947	1948	1949	1950	1951	1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	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	2018	2019	2020	2021	2022	2023	2024
CPI	11.969	11.100	13.654	16.508	16.123	14.985	15.000	19.623	29.238	31.277	30.077	30.423	32.054	32.438	34.215	35.638	32.769	32.485	35.946	38.077	35.423	35.777	36.677	37.462	36.746	37.008	40.954	44.900	42.385	43.362	47.308	49.038	45.485	52.408	65.546	65.838	77.754	77.331	75.969	84.238	87.008	82.923	91.008	100.485	99.631	99.915	98.669	109.492	120.469	118.785	122.677	140.185	141.669	138.915	144.608	144.231	144.231	153.038	155.238	146.777	143.538	152.192	159.023	156.023	160.885	170.400	170.154	167.762	170.165	174.611	168.362	175.416	188.201	189.344	187.744	205.412	197.342	189.268	183.691	188.637	189.275	207.900	221.506	237.826	237.839	245.877

Adjust pork chops 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 Pork chops was 207.900 in the year 2020 and 245.877 in 2024:

245.877 / 207.900 * $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 Pork chops).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Pork chops in 1939. In addition to pork chops, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.