Snacks priced at $5.94 in 1977 $27.49 in 2022

Snacks Inflation Calculator

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Prices for Snacks, 1977-2022 ($5.94)

According to the U.S. Bureau of Labor Statistics, prices for snacks are 362.72% higher in 2022 versus 1977 (a $21.55 difference in value).

The current national average price is $5.94 for "Potato chips, per 16 oz.". This data is collected by a national survey and can vary from region to region.

Between 1977 and 2022: Snacks experienced an average inflation rate of 3.46% per year. This rate of change indicates significant inflation. In other words, snacks costing $5.94 in the year 1977 would cost $27.49 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.54% during this same period, inflation for snacks was lower.

Price Inflation for Snacks since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (14.88%), 1979 (11.63%), and 1980 (11.49%).

Price history

The average price for Snacks is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Potato chips, per 16 oz.:

YearAverage price (Snacks)Inflation adjusted price (2022 dollars)
2022$5.94 (latest available value)$5.94
2021$5.08$5.60
2020$4.92$5.53
2019$4.49$5.18
2018$4.45$5.11
2017$4.41$5.10
2016$4.46$5.15
2015$4.41$5.12
2014$4.37$5.21
2013$4.66$5.59
2012$4.99$6.08
2011$4.97$6.45
2010$4.64$6.24
2009$4.57$6.24
2008$4.02$5.86
2007$3.53$5.56
2006$3.47$5.57
2005$3.37$5.49
2004$3.40$5.70
2003$3.50$5.88
2002$3.36$5.79
2001$3.43$5.90
2000$3.36$5.88
1999$3.26$5.91
1998$3.16$5.88
1997$3.13$5.90
1996$3.06$5.99
1995$3.00$6.13
1994$2.97$6.24
1993$2.88$6.18
1992$2.90$6.34
1991$2.96$6.48
1990$2.96$6.64
1989$2.86$6.60
1988$2.62$6.41
1987$2.75$6.94
1986$2.68$7.02
1985$2.61$7.07
1984$2.57$7.19
1983$2.50$7.30
1982$2.40$7.24
1981$2.28$7.15
1980$2.04$7.35

View price changes for other categories
Women's apparel · Rent of primary residence · Wireless telephone services · Frankfurters · More

Buying power of $5.94 since 1977

Below are calculations of equivalent buying power for Snacks, over time, for $5.94 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$5.94-
1978$6.133.16%
1979$6.8411.63%
1980$7.6311.49%
1981$8.7614.88%
1982$9.103.86%
1983$9.433.61%
1984$9.814.01%
1985$10.133.30%
1986$10.473.39%
1987$10.904.11%
1988$11.232.97%
1989$11.916.10%
1990$12.242.77%
1991$12.572.69%
1992$12.57-0.03%
1993$12.822.02%
1994$13.092.11%
1995$13.462.84%
1996$14.034.24%
1997$14.604.04%
1998$14.771.17%
1999$15.152.56%
2000$15.703.67%
2001$15.961.62%
2002$15.93-0.19%
2003$16.352.61%
2004$16.400.35%
2005$16.862.77%
2006$17.111.53%
2007$17.462.04%
2008$18.878.06%
2009$20.146.71%
2010$20.461.59%
2011$21.183.52%
2012$22.556.48%
2013$22.931.69%
2014$23.070.61%
2015$23.662.57%
2016$23.820.66%
2017$23.78-0.19%
2018$23.930.65%
2019$23.78-0.61%
2020$24.482.94%
2021$24.901.69%
2022$27.4910.40%*

* 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 Snacks:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI62.90064.88572.43180.75492.76996.35499.831103.831107.254110.892115.446118.869126.123129.615133.100133.062135.754138.615142.554148.592154.600156.408160.415166.300169.000168.685173.085173.685178.500181.223184.915199.824213.232216.617224.252238.786242.831244.300250.583252.245251.760253.385251.846259.261263.629291.051

Adjust snacks prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1977 * 1977 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Snacks was 62.900 in the year 1977 and 291.051 in 2022:

291.051 / 62.900 * $5.94 = $27.49

Therefore, according to U.S. Bureau of Labor Statistics, $5.94 in 1977 has the same "purchasing power" as $27.49 in 2022 (in the CPI category of Snacks).


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

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