Ice cream and related products priced at $20 in 1977 $71.01 in 2021

Ice Cream And Related Products Inflation Calculator

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Prices for Ice Cream And Related Products, 1977-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for ice cream and related products were 255.06% higher in 2021 versus 1977 (a $51.01 difference in value).

Between 1977 and 2021: Ice cream and related products experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, ice cream and related products costing $20 in the year 1977 would cost $71.01 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.42% during this same period, inflation for ice cream and related products was lower.

Price Inflation for Ice cream and related products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (13.49%), 1979 (11.70%), and 1981 (10.96%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Ice cream and related products:

Year 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 2019 2020 2021
CPI 65.100 68.177 76.154 86.431 95.908 97.877 99.731 102.385 105.762 107.423 111.077 113.292 118.815 126.838 128.462 130.869 131.738 134.808 137.508 144.592 150.577 155.500 161.723 164.354 173.392 179.054 175.508 178.269 177.623 179.254 183.382 192.776 196.622 195.014 209.084 215.475 215.461 215.396 219.194 219.431 219.891 220.552 221.833 230.445 231.147

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Buying power of $20 since 1977

Below are calculations of equivalent buying power for Ice cream and related products, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1977 $20.00 -
1978 $20.95 4.73%
1979 $23.40 11.70%
1980 $26.55 13.49%
1981 $29.46 10.96%
1982 $30.07 2.05%
1983 $30.64 1.89%
1984 $31.45 2.66%
1985 $32.49 3.30%
1986 $33.00 1.57%
1987 $34.13 3.40%
1988 $34.81 1.99%
1989 $36.50 4.88%
1990 $38.97 6.75%
1991 $39.47 1.28%
1992 $40.21 1.87%
1993 $40.47 0.66%
1994 $41.42 2.33%
1995 $42.25 2.00%
1996 $44.42 5.15%
1997 $46.26 4.14%
1998 $47.77 3.27%
1999 $49.68 4.00%
2000 $50.49 1.63%
2001 $53.27 5.50%
2002 $55.01 3.27%
2003 $53.92 -1.98%
2004 $54.77 1.57%
2005 $54.57 -0.36%
2006 $55.07 0.92%
2007 $56.34 2.30%
2008 $59.22 5.12%
2009 $60.41 2.00%
2010 $59.91 -0.82%
2011 $64.23 7.21%
2012 $66.20 3.06%
2013 $66.19 -0.01%
2014 $66.17 -0.03%
2015 $67.34 1.76%
2016 $67.41 0.11%
2017 $67.55 0.21%
2018 $67.76 0.30%
2019 $68.15 0.58%
2020 $70.80 3.88%
2021 $71.01 0.30%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for ice cream and related products, 1977-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1977 * 1977 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Ice cream and related products was 65.100 in the year 1977 and 231.147 in 2021:

231.147 / 65.100 * $20 = $71.01

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $71.01 in 2021 (in the CPI category of Ice cream and related products).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Ice cream and related products in 1977. In addition to ice cream and related products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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