Uncooked beef steaks priced at $20 in 1997 $48.39 in 2021

Uncooked Beef Steaks Inflation Calculator

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Prices for Uncooked Beef Steaks, 1997-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for uncooked beef steaks were 141.94% higher in 2021 versus 1997 (a $28.39 difference in value).

Between 1997 and 2021: Uncooked beef steaks experienced an average inflation rate of 3.75% per year. This rate of change indicates significant inflation. In other words, uncooked beef steaks costing $20 in the year 1997 would cost $48.39 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation for uncooked beef steaks was higher.

Price Inflation for Uncooked beef steaks since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2004 (13.38%), 2014 (11.16%), and 2003 (9.45%).

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

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
CPI 100.000 99.908 102.269 109.069 118.100 116.585 127.600 144.677 145.054 146.108 151.817 155.301 150.065 153.264 166.451 177.001 179.878 199.945 214.645 206.190 201.094 203.703 207.405 224.679 241.935

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Buying power of $20 since 1997

Below are calculations of equivalent buying power for Uncooked beef steaks, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $19.98 -0.09%
1999 $20.45 2.36%
2000 $21.81 6.65%
2001 $23.62 8.28%
2002 $23.32 -1.28%
2003 $25.52 9.45%
2004 $28.94 13.38%
2005 $29.01 0.26%
2006 $29.22 0.73%
2007 $30.36 3.91%
2008 $31.06 2.29%
2009 $30.01 -3.37%
2010 $30.65 2.13%
2011 $33.29 8.60%
2012 $35.40 6.34%
2013 $35.98 1.63%
2014 $39.99 11.16%
2015 $42.93 7.35%
2016 $41.24 -3.94%
2017 $40.22 -2.47%
2018 $40.74 1.30%
2019 $41.48 1.82%
2020 $44.94 8.33%
2021 $48.39 7.68%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for uncooked beef steaks, 1997-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Uncooked beef steaks was 100.000 in the year 1997 and 241.935 in 2021:

241.935 / 100.000 * $20 = $48.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $48.39 in 2021 (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 1997. 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.

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