According to the U.S. Bureau of Labor Statistics, prices for uncooked beef steaks are 182.75% higher in 2024 versus 1998 (a $36.55 difference in value).
Between 1998 and 2024: Uncooked beef steaks experienced an average inflation rate of 4.08% per year. This rate of change indicates significant inflation. In other words, uncooked beef steaks costing $20 in the year 1998 would cost $56.55 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for uncooked beef steaks was higher.
In the year 1998: Pricing changed by -0.09%, which is significantly below the average yearly change for uncooked beef steaks during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for uncooked beef steaks was lower.
Below are calculations of equivalent buying power for Uncooked beef steaks, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | -0.09% |
| 1999 | $20.47 | 2.36% |
| 2000 | $21.83 | 6.65% |
| 2001 | $23.64 | 8.28% |
| 2002 | $23.34 | -1.28% |
| 2003 | $25.54 | 9.45% |
| 2004 | $28.96 | 13.38% |
| 2005 | $29.04 | 0.26% |
| 2006 | $29.25 | 0.73% |
| 2007 | $30.39 | 3.91% |
| 2008 | $31.09 | 2.29% |
| 2009 | $30.04 | -3.37% |
| 2010 | $30.68 | 2.13% |
| 2011 | $33.32 | 8.60% |
| 2012 | $35.43 | 6.34% |
| 2013 | $36.01 | 1.63% |
| 2014 | $40.03 | 11.16% |
| 2015 | $42.97 | 7.35% |
| 2016 | $41.28 | -3.94% |
| 2017 | $40.26 | -2.47% |
| 2018 | $40.78 | 1.30% |
| 2019 | $41.52 | 1.82% |
| 2020 | $44.98 | 8.33% |
| 2021 | $50.38 | 12.01% |
| 2022 | $51.68 | 2.58% |
| 2023 | $54.33 | 5.13% |
| 2024 | $56.55 | 4.08%* |
* 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 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 | 2022 | 2023 | 2024 |
| 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 | 251.665 | 258.164 | 271.409 | 282.491 |