Beef and veal priced at $20 in 2000 $40.91 in 2018

Historical Price Inflation for Beef and veal

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Prices for Beef And Veal, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beef and veal were 104.56% higher in 2018 versus 2000 (a $20.91 difference in value).

Between 2000 and 2018: Beef and veal experienced an average inflation rate of 4.06% per year. This rate of change indicates significant inflation. In other words, beef and veal costing $20 in the year 2000 would cost $40.91 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for beef and veal was higher.

In the year 2000: Pricing changed by 6.37%, which is above the average yearly change for beef and veal during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for beef and veal was higher.

Price Inflation for Beef and veal since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (41.78%), 1946 (27.28%), and 1979 (27.26%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Beef and veal:

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 11.623 11.131 12.523 11.600 11.877 12.069 13.023 14.508 14.646 13.946 13.900 17.692 25.085 30.377 28.331 31.231 36.469 36.154 28.538 27.438 27.138 26.715 28.715 33.408 34.400 33.531 32.992 34.169 33.769 32.800 34.354 36.162 36.392 37.862 41.669 43.492 45.454 49.715 59.592 61.308 61.877 59.854 59.538 73.146 93.085 98.362 99.200 100.608 99.115 100.285 98.169 98.762 106.277 112.085 119.338 128.754 132.438 132.262 137.092 135.954 134.854 134.485 136.762 136.515 139.200 148.069 160.469 160.600 175.085 195.308 200.423 202.054 211.060 220.586 218.273 224.511 247.377 263.089 268.326 300.724 322.504 302.062 298.399 302.886

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Beef and veal, 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 6.37%
2001 $21.67 8.37%
2002 $21.69 0.08%
2003 $23.65 9.02%
2004 $26.38 11.55%
2005 $27.07 2.62%
2006 $27.29 0.81%
2007 $28.51 4.46%
2008 $29.80 4.51%
2009 $29.48 -1.05%
2010 $30.33 2.86%
2011 $33.41 10.18%
2012 $35.54 6.35%
2013 $36.24 1.99%
2014 $40.62 12.07%
2015 $43.56 7.24%
2016 $40.80 -6.34%
2017 $40.31 -1.21%
2018 $40.91 1.50%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for beef and veal, 2000-2018

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 Beef and veal was 148.069 in the year 2000 and 302.886 in 2018:

302.886 / 148.069 * $20 = $40.91

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $40.91 in 2018 (in the CPI category of Beef and veal).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Beef and veal in 1935. In addition to beef and veal, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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