Ground beef priced at $10 in 2000 $21.42 in 2018

Ground Beef Inflation Calculator

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Prices for Ground Beef, 2000-2018 ($10)

According to the U.S. Bureau of Labor Statistics, prices for uncooked ground beef were 114.16% higher in 2018 versus 2000 (a $11.42 difference in value).

The current national average price is $5.43 for "All uncooked ground beef, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 2000 and 2018: Ground beef experienced an average inflation rate of 4.32% per year. This rate of change indicates significant inflation. In other words, ground beef costing $10 in the year 2000 would cost $21.42 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for ground beef was higher.

In the year 2000: Pricing changed by 5.75%, which is above the average yearly change for ground beef during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for ground beef was higher.

Price Inflation for Uncooked ground beef since 1943

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (33.44%), 1947 (28.85%), and 1948 (27.55%).

Price history

The average price for Ground beef 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 All uncooked ground beef, per lb. (453.6 gm):

YearAverage price (Ground beef)Inflation adjusted price (2022 dollars)
2022$5.43 (latest available value)$5.43
2021$4.88$5.28
2020$4.63$5.25
2019$4.23$5.27
2018$4.12$5.16
2017$4.12$5.19
2016$4.25$5.33
2015$4.63$5.27
2014$4.30$5.23
2013$3.82$5.21
2012$3.72$5.15
2011$3.46$5.12
2010$3.18$5.24
2009$3.10$5.25
2008$3.04$5.20
2007$2.85$5.19
2006$2.72$5.18
2005$2.74$5.25
2004$2.68$5.42
2003$2.45$5.52
2002$2.29$5.57
2001$2.19$5.44
2000$2.01$5.39
1999$1.89$5.37
1998$1.84$5.32

View price changes for other categories
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Buying power of $10.00 since 2000

Below are calculations of equivalent buying power for Ground beef, over time, for $10 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2000$10.005.75%
2001$10.828.22%
2002$11.031.92%
2003$11.918.00%
2004$13.2811.45%
2005$13.995.34%
2006$14.080.68%
2007$14.724.51%
2008$15.696.60%
2009$15.851.04%
2010$16.262.60%
2011$18.1011.32%
2012$19.387.07%
2013$19.711.68%
2014$22.0411.84%
2015$23.587.01%
2016$21.42-9.19%
2017$21.29-0.57%
2018$21.420.58%
2019$21.500.40%
2020$23.659.99%
2021$24.794.81%
2022$26.838.26%*
* Not final. See inflation summary for latest details.

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

Year19431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI18.45817.48517.50821.75428.03135.75432.70036.17742.76940.83829.80026.86226.06925.51527.84634.99236.33134.69234.00034.65434.17733.34634.94637.99238.31539.87744.31546.99248.39252.68566.57767.50062.29261.61560.15476.223101.715104.592102.615102.13199.43898.43895.93194.900100.185103.423108.585118.085119.877118.869121.738119.662116.115114.315116.377116.077118.415125.223135.515138.123149.169166.254175.138176.331184.280196.436198.469203.635226.679242.701246.767275.982295.321268.171266.630268.177269.257296.163310.402336.029

Adjust ground beef prices for inflation

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Uncooked ground beef was 125.223 in the year 2000 and 268.177 in 2018:

268.177 / 125.223 * $10 = $21.42

Therefore, according to U.S. Bureau of Labor Statistics, $10 in 2000 has the same "purchasing power" as $21.42 in 2018 (in the CPI category of Uncooked ground beef).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Uncooked ground beef in 1943. In addition to ground beef, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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