Uncooked other beef and veal priced at $20 in 1997 $64.98 in 2022

Uncooked Other Beef And Veal Inflation Calculator

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Prices for Uncooked Other Beef And Veal, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for uncooked other beef and veal are 224.92% higher in 2022 versus 1997 (a $44.98 difference in value).

Between 1997 and 2022: Uncooked other beef and veal experienced an average inflation rate of 4.83% per year. This rate of change indicates significant inflation. In other words, uncooked other beef and veal costing $20 in the year 1997 would cost $64.98 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for uncooked other beef and veal was higher.

Price Inflation for Uncooked other beef and veal since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2014 (14.23%), 2021 (12.66%), and 2011 (10.31%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Uncooked other beef and veal, 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$19.83-0.86%
1999$19.920.49%
2000$21.327.01%
2001$22.575.87%
2002$22.54-0.15%
2003$24.729.69%
2004$26.185.89%
2005$26.390.79%
2006$27.584.51%
2007$28.603.70%
2008$30.185.53%
2009$30.240.19%
2010$32.045.94%
2011$35.3410.31%
2012$36.994.67%
2013$38.153.13%
2014$43.5714.23%
2015$47.428.83%
2016$45.98-3.04%
2017$46.420.96%
2018$48.193.82%
2019$49.382.46%
2020$53.929.21%
2021$60.7512.66%
2022$64.986.96%*

* 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 other beef and veal:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.00099.13899.623106.608112.869112.700123.615130.900131.938137.892142.998150.909151.201160.184176.702184.948190.727217.866237.096229.885232.083240.956246.878269.625303.762324.917

Adjust uncooked other beef and veal 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 other beef and veal was 100.000 in the year 1997 and 324.917 in 2022:

324.917 / 100.000 * $20 = $64.98

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $64.98 in 2022 (in the CPI category of Uncooked other beef and veal).


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

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