Soups priced at $20 in 1977 $71.62 in 2020

Soups Inflation Calculator

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Prices for Soups, 1977-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for soups were 258.08% higher in 2020 versus 1977 (a $51.62 difference in value).

Between 1977 and 2020: Soups experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, soups costing $20 in the year 1977 would cost $71.62 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.43% during this same period, inflation for soups was lower.

Price Inflation for Soups since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (9.06%), 1979 (8.99%), and 1981 (7.87%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Soups:

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
CPI 71.000 72.892 79.446 86.646 93.462 96.731 100.077 103.185 108.146 110.808 116.515 121.138 128.038 136.269 145.015 153.662 162.269 169.854 175.177 182.377 188.623 191.854 195.700 198.262 201.677 205.492 207.915 207.685 215.015 214.938 216.212 227.453 234.687 225.920 230.345 237.150 238.872 238.428 239.195 243.234 246.699 243.713 244.215 254.237

View price changes for other categories
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Buying power of $20 since 1977

Below are calculations of equivalent buying power for Soups, 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 $20.53 2.67%
1979 $22.38 8.99%
1980 $24.41 9.06%
1981 $26.33 7.87%
1982 $27.25 3.50%
1983 $28.19 3.46%
1984 $29.07 3.11%
1985 $30.46 4.81%
1986 $31.21 2.46%
1987 $32.82 5.15%
1988 $34.12 3.97%
1989 $36.07 5.70%
1990 $38.39 6.43%
1991 $40.85 6.42%
1992 $43.28 5.96%
1993 $45.71 5.60%
1994 $47.85 4.67%
1995 $49.35 3.13%
1996 $51.37 4.11%
1997 $53.13 3.42%
1998 $54.04 1.71%
1999 $55.13 2.00%
2000 $55.85 1.31%
2001 $56.81 1.72%
2002 $57.89 1.89%
2003 $58.57 1.18%
2004 $58.50 -0.11%
2005 $60.57 3.53%
2006 $60.55 -0.04%
2007 $60.90 0.59%
2008 $64.07 5.20%
2009 $66.11 3.18%
2010 $63.64 -3.74%
2011 $64.89 1.96%
2012 $66.80 2.95%
2013 $67.29 0.73%
2014 $67.16 -0.19%
2015 $67.38 0.32%
2016 $68.52 1.69%
2017 $69.49 1.42%
2018 $68.65 -1.21%
2019 $68.79 0.21%
2020 $71.62 4.10%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for soups, 1977-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1977 * 1977 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Soups was 71.000 in the year 1977 and 254.237 in 2020:

254.237 / 71.000 * $20 = $71.62

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $71.62 in 2020 (in the CPI category of Soups).


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

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