Uncooked other beef and veal priced at $20 in 1997 $53.75 in 2020

Uncooked Other Beef And Veal Inflation Calculator

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Prices for Uncooked Other Beef And Veal, 1997-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for uncooked other beef and veal were 168.73% higher in 2020 versus 1997 (a $33.75 difference in value).

Between 1997 and 2020: Uncooked other beef and veal experienced an average inflation rate of 4.39% 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 $53.75 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.09% 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%), 2011 (10.31%), and 2003 (9.69%).

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

Year 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 100.000 99.138 99.623 106.608 112.869 112.700 123.615 130.900 131.938 137.892 142.998 150.909 151.201 160.184 176.702 184.948 190.727 217.866 237.096 229.885 232.083 240.956 246.878 268.731

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Buying power of $20 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:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $19.83 -0.86%
1999 $19.92 0.49%
2000 $21.32 7.01%
2001 $22.57 5.87%
2002 $22.54 -0.15%
2003 $24.72 9.69%
2004 $26.18 5.89%
2005 $26.39 0.79%
2006 $27.58 4.51%
2007 $28.60 3.70%
2008 $30.18 5.53%
2009 $30.24 0.19%
2010 $32.04 5.94%
2011 $35.34 10.31%
2012 $36.99 4.67%
2013 $38.15 3.13%
2014 $43.57 14.23%
2015 $47.42 8.83%
2016 $45.98 -3.04%
2017 $46.42 0.96%
2018 $48.19 3.82%
2019 $49.38 2.46%
2020 $53.75 8.85%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for uncooked other beef and veal, 1997-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1997 * 1997 USD value = 2020 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 268.731 in 2020:

268.731 / 100.000 * $20 = $53.75

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $53.75 in 2020 (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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