Uncooked ground beef priced at $20 in 1947 $211.80 in 2020

Uncooked Ground Beef Inflation Calculator

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Prices for Uncooked Ground Beef, 1947-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for uncooked ground beef were 959% higher in 2020 versus 1947 (a $191.80 difference in value).

Between 1947 and 2020: Uncooked ground beef experienced an average inflation rate of 3.29% per year. This rate of change indicates significant inflation. In other words, uncooked ground beef costing $20 in the year 1947 would cost $211.80 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.41% during this same period, inflation for uncooked ground beef was lower.

Price Inflation for Uncooked ground beef since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (33.28%), 1948 (27.55%), and 1953 (-26.99%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Uncooked ground beef:

Year 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 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 28.008 35.725 32.683 36.108 42.792 40.842 29.817 26.850 26.075 25.517 27.833 35.000 36.342 34.700 34.008 34.650 34.192 33.358 34.950 38.000 38.350 39.883 44.317 47.000 48.400 52.683 66.525 67.483 62.317 61.650 60.192 76.250 101.625 104.525 102.608 102.150 99.425 98.442 95.933 94.900 100.183 103.425 108.608 118.100 119.883 118.833 121.750 119.625 116.117 114.317 116.375 116.075 118.417 125.225 135.517 138.125 149.167 166.250 175.142 176.333 184.280 196.436 198.469 203.635 226.679 242.701 246.767 275.982 295.320 268.171 266.630 268.177 269.257 296.608

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Buying power of $20 since 1947

Below are calculations of equivalent buying power for Uncooked ground beef, over time, for $20 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1947 $20.00 -
1948 $25.51 27.55%
1949 $23.34 -8.51%
1950 $25.78 10.48%
1951 $30.56 18.51%
1952 $29.16 -4.56%
1953 $21.29 -26.99%
1954 $19.17 -9.95%
1955 $18.62 -2.89%
1956 $18.22 -2.14%
1957 $19.88 9.08%
1958 $24.99 25.75%
1959 $25.95 3.83%
1960 $24.78 -4.52%
1961 $24.28 -1.99%
1962 $24.74 1.89%
1963 $24.42 -1.32%
1964 $23.82 -2.44%
1965 $24.96 4.77%
1966 $27.13 8.73%
1967 $27.38 0.92%
1968 $28.48 4.00%
1969 $31.65 11.12%
1970 $33.56 6.05%
1971 $34.56 2.98%
1972 $37.62 8.85%
1973 $47.50 26.27%
1974 $48.19 1.44%
1975 $44.50 -7.66%
1976 $44.02 -1.07%
1977 $42.98 -2.37%
1978 $54.45 26.68%
1979 $72.57 33.28%
1980 $74.64 2.85%
1981 $73.27 -1.83%
1982 $72.94 -0.45%
1983 $71.00 -2.67%
1984 $70.29 -0.99%
1985 $68.50 -2.55%
1986 $67.77 -1.08%
1987 $71.54 5.57%
1988 $73.85 3.24%
1989 $77.55 5.01%
1990 $84.33 8.74%
1991 $85.61 1.51%
1992 $84.86 -0.88%
1993 $86.94 2.45%
1994 $85.42 -1.75%
1995 $82.92 -2.93%
1996 $81.63 -1.55%
1997 $83.10 1.80%
1998 $82.89 -0.26%
1999 $84.56 2.02%
2000 $89.42 5.75%
2001 $96.77 8.22%
2002 $98.63 1.92%
2003 $106.52 7.99%
2004 $118.71 11.45%
2005 $125.06 5.35%
2006 $125.91 0.68%
2007 $131.59 4.51%
2008 $140.27 6.60%
2009 $141.72 1.04%
2010 $145.41 2.60%
2011 $161.87 11.32%
2012 $173.31 7.07%
2013 $176.21 1.68%
2014 $197.07 11.84%
2015 $210.88 7.01%
2016 $191.49 -9.19%
2017 $190.39 -0.57%
2018 $191.50 0.58%
2019 $192.27 0.40%
2020 $211.80 10.16%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for uncooked ground beef, 1947-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1947 * 1947 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Uncooked ground beef was 28.008 in the year 1947 and 296.608 in 2020:

296.608 / 28.008 * $20 = $211.80

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1947 has the same "purchasing power" as $211.80 in 2020 (in the CPI category of Uncooked ground beef).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Uncooked ground beef in 1947. In addition to uncooked ground beef, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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