Potatoes priced at $0.18 in 1964 $2.43 in 2024

Potatoes Inflation Calculator

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Prices for Potatoes, 1964-2024 ($0.18)

According to the U.S. Bureau of Labor Statistics, prices for potatoes are 1,248.98% higher in 2024 versus 1964 (a $2.25 difference in value).

The current national average price is $0.18 for "Potatoes, white (cost per pound/453.6 grams)". This data is collected by a national survey and can vary from region to region.

Between 1964 and 2024: Potatoes experienced an average inflation rate of 4.43% per year. This rate of change indicates significant inflation. In other words, potatoes costing $0.18 in the year 1964 would cost $2.43 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.93% during this same period, inflation for potatoes was higher.

In the year 1964: Pricing changed by 22.91%, which is significantly above the average yearly change for potatoes during the 1964-2024 time period. Compared to inflation for all items in 1964 (1.28%), inflation for potatoes was much higher.

Price Inflation for Potatoes since 1939

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1952 (49.64%), 1973 (48.51%), and 1942 (46.57%).

Price history

The average price for Potatoes is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Potatoes, white (cost per pound/453.6 grams):

YearAverage price (Potatoes)Inflation adjusted price (2024 dollars)
1986$0.18$0.18
1985$0.21$0.20
1984$0.24$0.20
1983$0.21$0.22
1982$0.21$0.22
1981$0.25$0.22
1980$0.19$0.23

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Buying power of $0.18 since 1964

Below are calculations of equivalent buying power for Potatoes, over time, for $0.18 beginning in 1964. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1964$0.1822.91%
1965$0.2223.72%
1966$0.18-20.02%
1967$0.180.02%
1968$0.182.58%
1969$0.207.24%
1970$0.2210.41%
1971$0.21-3.44%
1972$0.237.88%
1973$0.3348.51%
1974$0.4122.11%
1975$0.33-19.66%
1976$0.368.53%
1977$0.361.90%
1978$0.383.87%
1979$0.36-4.04%
1980$0.4627.33%
1981$0.6235.25%
1982$0.53-15.34%
1983$0.52-1.52%
1984$0.6627.05%
1985$0.58-12.45%
1986$0.55-5.33%
1987$0.6620.70%
1988$0.682.66%
1989$0.8728.85%
1990$0.935.92%
1991$0.82-11.09%
1992$0.81-2.12%
1993$0.889.25%
1994$0.9912.75%
1995$0.990.21%
1996$1.033.39%
1997$0.99-3.53%
1998$1.056.29%
1999$1.104.29%
2000$1.121.68%
2001$1.153.05%
2002$1.3617.86%
2003$1.30-4.36%
2004$1.321.32%
2005$1.417.20%
2006$1.5610.26%
2007$1.602.67%
2008$1.8515.76%
2009$1.81-1.89%
2010$1.72-5.19%
2011$1.9312.09%
2012$1.82-5.33%
2013$1.840.65%
2014$1.882.33%
2015$1.86-0.95%
2016$1.901.87%
2017$1.931.75%
2018$1.950.84%
2019$2.065.95%
2020$2.164.66%
2021$2.15-0.43%
2022$2.3710.16%
2023$2.474.45%
2024$2.43-1.74%*

* 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 Potatoes:

Year19391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.2158.8698.75412.83117.41517.70818.83118.05419.40821.54620.99217.62319.32328.91521.13120.48522.13826.39222.26924.43124.60828.00824.73824.93125.72331.61539.11531.28531.29232.10034.42338.00836.70039.59258.80071.80057.68562.60863.80066.26963.59280.969109.50892.70891.300115.992101.54696.138116.038119.131153.500162.592144.554141.492154.577174.285174.654180.569174.192185.154193.100196.338202.331238.477228.077231.077247.708273.131280.432324.624318.491301.971338.469320.445322.525330.050326.901333.003338.832341.681362.013378.868377.246415.564434.053426.485

Adjust potatoes prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1964 * 1964 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Potatoes was 31.615 in the year 1964 and 426.485 in 2024:

426.485 / 31.615 * $0.18 = $2.43

Therefore, according to U.S. Bureau of Labor Statistics, $0.18 in 1964 has the same "purchasing power" as $2.43 in 2024 (in the CPI category of Potatoes).


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

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