According to the U.S. Bureau of Labor Statistics, prices for ice cream and related products are 319.55% higher in 2023 versus 1977 (a $63.91 difference in value).
Between 1977 and 2023: Ice cream and related products experienced an average inflation rate of 3.17% 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 $83.91 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.56% during this same period, inflation for ice cream and related products was lower.
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 | $71.33 | 0.76% |
| 2022 | $78.42 | 9.94% |
| 2023 | $83.91 | 6.99%* |
* 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 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 | 2022 | 2023 |
| 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 | 232.187 | 255.272 | 273.128 |