Uncooked beef roasts priced at $20 in 1997 $62.43 in 2022

Uncooked Beef Roasts Inflation Calculator

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Prices for Uncooked Beef Roasts, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for uncooked beef roasts are 212.16% higher in 2022 versus 1997 (a $42.43 difference in value).

Between 1997 and 2022: Uncooked beef roasts experienced an average inflation rate of 4.66% per year. This rate of change indicates significant inflation. In other words, uncooked beef roasts costing $20 in the year 1997 would cost $62.43 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for uncooked beef roasts was higher.

Price Inflation for Uncooked beef roasts since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2014 (13.72%), 2020 (12.23%), and 2021 (11.35%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Uncooked beef roasts, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$19.91-0.46%
1999$20.221.57%
2000$21.626.94%
2001$23.749.78%
2002$23.51-0.96%
2003$25.8610.01%
2004$28.4610.05%
2005$29.302.95%
2006$29.11-0.65%
2007$30.876.05%
2008$32.144.10%
2009$31.60-1.68%
2010$32.673.38%
2011$36.1610.69%
2012$38.185.59%
2013$39.343.05%
2014$44.7413.72%
2015$47.726.66%
2016$44.90-5.91%
2017$44.29-1.37%
2018$45.372.45%
2019$47.053.70%
2020$52.8112.23%
2021$58.8011.35%
2022$62.436.18%*

* 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 Uncooked beef roasts:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.00099.538101.100108.115118.692117.554129.315142.308146.500145.554154.365160.700158.000163.334180.798190.902196.722223.718238.607224.511221.426226.849235.252264.031294.007312.165

Adjust uncooked beef roasts prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1997 * 1997 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Uncooked beef roasts was 100.000 in the year 1997 and 312.165 in 2022:

312.165 / 100.000 * $20 = $62.43

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $62.43 in 2022 (in the CPI category of Uncooked beef roasts).


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

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