Domestically produced farm food priced at $20 in 2000 $29.12 in 2018

Historical Price Inflation for Domestically produced farm food

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Prices for Domestically Produced Farm Food, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food were 45.60% higher in 2018 versus 2000 (a $9.12 difference in value).

Between 2000 and 2018: Domestically produced farm food experienced an average inflation rate of 2.11% per year. This rate of change indicates significant inflation. In other words, domestically produced farm food costing $20 in the year 2000 would cost $29.12 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for domestically produced farm food was lower.

In the year 2000: Pricing changed by 2.15%, which is above the average yearly change for domestically produced farm food during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for domestically produced farm food was lower.

Price Inflation for Domestically produced farm food since 1971

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1973 (17.27%), 1974 (13.80%), and 1979 (11.71%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Domestically produced farm food:

Year 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 43.100 44.685 52.400 59.631 63.962 64.608 66.015 73.454 82.054 87.992 94.715 98.138 98.992 102.877 104.085 106.338 111.577 116.531 124.638 133.538 137.415 138.431 141.962 145.354 149.469 156.069 159.792 163.154 166.554 170.138 176.454 179.238 183.685 191.708 195.038 198.069 206.457 220.104 220.386 221.577 232.490 238.732 241.374 247.865 251.041 247.347 246.637 247.714

View price changes for other categories
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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Domestically produced farm food, 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 2.15%
2001 $20.74 3.71%
2002 $21.07 1.58%
2003 $21.59 2.48%
2004 $22.54 4.37%
2005 $22.93 1.74%
2006 $23.28 1.55%
2007 $24.27 4.23%
2008 $25.87 6.61%
2009 $25.91 0.13%
2010 $26.05 0.54%
2011 $27.33 4.93%
2012 $28.06 2.69%
2013 $28.37 1.11%
2014 $29.14 2.69%
2015 $29.51 1.28%
2016 $29.08 -1.47%
2017 $28.99 -0.29%
2018 $29.12 0.44%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for domestically produced farm food, 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 Domestically produced farm food was 170.138 in the year 2000 and 247.714 in 2018:

247.714 / 170.138 * $20 = $29.12

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $29.12 in 2018 (in the CPI category of Domestically produced farm food).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Domestically produced farm food in 1971. In addition to domestically produced farm food, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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