According to the U.S. Bureau of Labor Statistics, prices for uncooked beef steaks are 26.03% higher in 2024 versus 2020 (a $5.21 difference in value).
Between 2020 and 2024: Uncooked beef steaks experienced an average inflation rate of 5.95% per year. This rate of change indicates significant inflation. In other words, uncooked beef steaks costing $20 in the year 2020 would cost $25.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.91% during this same period, inflation for uncooked beef steaks was higher.
In the year 2020: Pricing changed by 8.33%, which is above the average yearly change for uncooked beef steaks during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for uncooked beef steaks was much higher.
Below are calculations of equivalent buying power for Uncooked beef steaks, 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 | 8.33% |
| 2021 | $22.40 | 12.01% |
| 2022 | $22.98 | 2.58% |
| 2023 | $24.16 | 5.13% |
| 2024 | $25.21 | 4.33%* |
* 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 | 283.165 |