Uncooked beef steaks priced at $20 in 2000 $37.86 in 2019

Uncooked Beef Steaks Inflation Calculator

$

Prices for Uncooked Beef Steaks, 2000-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for uncooked beef steaks were 89.32% higher in 2019 versus 2000 (a $17.86 difference in value).

Between 2000 and 2019: Uncooked beef steaks experienced an average inflation rate of 3.42% per year. This rate of change indicates significant inflation. In other words, uncooked beef steaks costing $20 in the year 2000 would cost $37.86 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for uncooked beef steaks was higher.

In the year 2000: Pricing changed by 6.61%, which is significantly above the average yearly change for uncooked beef steaks during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for uncooked beef steaks was much higher.

Price Inflation for Uncooked beef steaks since 1998

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2004 (13.38%), 2014 (11.15%), and 2003 (9.45%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Uncooked beef steaks:

Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
CPI 99.917 102.300 109.067 118.100 116.583 127.600 144.675 145.050 146.108 151.817 155.300 150.065 153.264 166.481 176.992 179.851 199.913 214.617 206.186 201.108 203.706 206.488

View price changes for other categories
Airline fares · Legal services · Bananas · Women's apparel · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Uncooked beef steaks, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 6.61%
2001 $21.66 8.28%
2002 $21.38 -1.28%
2003 $23.40 9.45%
2004 $26.53 13.38%
2005 $26.60 0.26%
2006 $26.79 0.73%
2007 $27.84 3.91%
2008 $28.48 2.29%
2009 $27.52 -3.37%
2010 $28.10 2.13%
2011 $30.53 8.62%
2012 $32.46 6.31%
2013 $32.98 1.62%
2014 $36.66 11.15%
2015 $39.36 7.36%
2016 $37.81 -3.93%
2017 $36.88 -2.46%
2018 $37.35 1.29%
2019 $37.86 1.37%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for uncooked beef steaks, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Uncooked beef steaks was 109.067 in the year 2000 and 206.488 in 2019:

206.488 / 109.067 * $20 = $37.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $37.86 in 2019 (in the CPI category of Uncooked beef steaks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Uncooked beef steaks in 1998. In addition to uncooked beef steaks, 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.