Uncooked ground beef priced at $20 in 1943 $328.75 in 2021

Uncooked Ground Beef Inflation Calculator

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Prices for Uncooked Ground Beef, 1943-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for uncooked ground beef were 1,543.74% higher in 2021 versus 1943 (a $308.75 difference in value).

Between 1943 and 2021: Uncooked ground beef experienced an average inflation rate of 3.65% per year. This rate of change indicates significant inflation. In other words, uncooked ground beef costing $20 in the year 1943 would cost $328.75 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.58% during this same period, inflation for uncooked ground beef was higher.

Price Inflation for Uncooked ground beef since 1943

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (33.44%), 1947 (28.85%), and 1948 (27.55%).

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

Year 1943 1944 1945 1946 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 2021
CPI 18.458 17.485 17.508 21.754 28.031 35.754 32.700 36.177 42.769 40.838 29.800 26.862 26.069 25.515 27.846 34.992 36.331 34.692 34.000 34.654 34.177 33.346 34.946 37.992 38.315 39.877 44.315 46.992 48.392 52.685 66.577 67.500 62.292 61.615 60.154 76.223 101.715 104.592 102.615 102.131 99.438 98.438 95.931 94.900 100.185 103.423 108.585 118.085 119.877 118.869 121.738 119.662 116.115 114.315 116.377 116.077 118.415 125.223 135.515 138.123 149.169 166.254 175.138 176.331 184.280 196.436 198.469 203.635 226.679 242.701 246.767 275.982 295.321 268.171 266.630 268.177 269.257 296.163 303.407

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Buying power of $20 since 1943

Below are calculations of equivalent buying power for Uncooked ground beef, over time, for $20 beginning in 1943. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1943 $20.00 -
1944 $18.94 -5.28%
1945 $18.97 0.13%
1946 $23.57 24.25%
1947 $30.37 28.85%
1948 $38.74 27.55%
1949 $35.43 -8.54%
1950 $39.20 10.63%
1951 $46.34 18.22%
1952 $44.25 -4.51%
1953 $32.29 -27.03%
1954 $29.11 -9.86%
1955 $28.25 -2.95%
1956 $27.65 -2.12%
1957 $30.17 9.13%
1958 $37.91 25.66%
1959 $39.37 3.83%
1960 $37.59 -4.51%
1961 $36.84 -2.00%
1962 $37.55 1.92%
1963 $37.03 -1.38%
1964 $36.13 -2.43%
1965 $37.86 4.80%
1966 $41.17 8.72%
1967 $41.52 0.85%
1968 $43.21 4.08%
1969 $48.02 11.13%
1970 $50.92 6.04%
1971 $52.43 2.98%
1972 $57.08 8.87%
1973 $72.14 26.37%
1974 $73.14 1.39%
1975 $67.50 -7.72%
1976 $66.76 -1.09%
1977 $65.18 -2.37%
1978 $82.59 26.71%
1979 $110.21 33.44%
1980 $113.33 2.83%
1981 $111.19 -1.89%
1982 $110.66 -0.47%
1983 $107.74 -2.64%
1984 $106.66 -1.01%
1985 $103.94 -2.55%
1986 $102.83 -1.07%
1987 $108.55 5.57%
1988 $112.06 3.23%
1989 $117.65 4.99%
1990 $127.95 8.75%
1991 $129.89 1.52%
1992 $128.80 -0.84%
1993 $131.91 2.41%
1994 $129.66 -1.71%
1995 $125.81 -2.96%
1996 $123.86 -1.55%
1997 $126.10 1.80%
1998 $125.77 -0.26%
1999 $128.31 2.01%
2000 $135.68 5.75%
2001 $146.83 8.22%
2002 $149.66 1.92%
2003 $161.63 8.00%
2004 $180.14 11.45%
2005 $189.77 5.34%
2006 $191.06 0.68%
2007 $199.67 4.51%
2008 $212.84 6.60%
2009 $215.05 1.04%
2010 $220.64 2.60%
2011 $245.61 11.32%
2012 $262.97 7.07%
2013 $267.38 1.68%
2014 $299.03 11.84%
2015 $319.99 7.01%
2016 $290.57 -9.19%
2017 $288.90 -0.57%
2018 $290.58 0.58%
2019 $291.75 0.40%
2020 $320.90 9.99%
2021 $328.75 2.45%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for uncooked ground beef, 1943-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1943 * 1943 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Uncooked ground beef was 18.458 in the year 1943 and 303.407 in 2021:

303.407 / 18.458 * $20 = $328.75

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1943 has the same "purchasing power" as $328.75 in 2021 (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 1943. 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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