Other pork including roasts, steaks, and ribs price inflation, 1997→2023

Other Pork Including Roasts, Steaks, And Ribs Inflation Calculator

Prices for Other Pork Including Roasts, Steaks, And Ribs, 1997-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other pork including roasts, steaks, and ribs are 56.20% higher in 2023 versus 1997 (a $11.24 difference in value).

Between 1997 and 2023: Other pork including roasts, steaks, and ribs experienced an average inflation rate of 1.73% per year. In other words, other pork including roasts, steaks, and ribs costing $20 in the year 1997 would cost $31.24 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for other pork including roasts, steaks, and ribs was lower.

Price Inflation for Other pork including roasts, steaks, and ribs since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2014 (12.94%), 2021 (11.87%), and 2020 (9.27%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Other pork including roasts, steaks, and ribs, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$19.34	-3.32%
1999	$18.71	-3.25%
2000	$19.57	4.62%
2001	$20.37	4.10%
2002	$19.84	-2.63%
2003	$19.83	-0.03%
2004	$21.46	8.21%
2005	$22.30	3.89%
2006	$22.29	-0.02%
2007	$22.63	1.53%
2008	$23.57	4.15%
2009	$22.52	-4.46%
2010	$24.01	6.61%
2011	$26.07	8.59%
2012	$25.71	-1.37%
2013	$25.23	-1.88%
2014	$28.49	12.94%
2015	$27.52	-3.42%
2016	$25.76	-6.39%
2017	$25.31	-1.73%
2018	$25.08	-0.91%
2019	$25.16	0.31%
2020	$27.49	9.27%
2021	$30.75	11.87%
2022	$32.66	6.21%
2023	$31.24	-4.36%*

* 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 Other pork including roasts, steaks, and ribs:

Year	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	100.000	96.685	93.538	97.862	101.869	99.192	99.162	107.300	111.477	111.454	113.155	117.852	112.591	120.031	130.343	128.557	126.146	142.465	137.591	128.797	126.564	125.406	125.790	137.449	153.769	163.315	156.202

Adjust other pork including roasts, steaks, and ribs prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1997 * 1997 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Other pork including roasts, steaks, and ribs was 100.000 in the year 1997 and 156.202 in 2023:

156.202 / 100.000 * $20 = $31.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $31.24 in 2023 (in the CPI category of Other pork including roasts, steaks, and ribs).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other pork including roasts, steaks, and ribs in 1997. In addition to other pork including roasts, steaks, and ribs, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.