Lunchmeats price inflation, 1997→2024

Lunchmeats Inflation Calculator

Prices for Lunchmeats, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for lunchmeats are 87.58% higher in 2024 versus 1997 (a $17.52 difference in value).

Between 1997 and 2024: Lunchmeats experienced an average inflation rate of 2.36% per year. This rate of change indicates significant inflation. In other words, lunchmeats costing $20 in the year 1997 would cost $37.52 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for lunchmeats was lower.

Price Inflation for Lunchmeats since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (15.60%), 2023 (5.05%), and 2011 (4.62%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Lunchmeats, 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	$19.94	-0.32%
1999	$20.08	0.72%
2000	$20.48	1.98%
2001	$21.07	2.92%
2002	$21.62	2.61%
2003	$21.91	1.33%
2004	$22.90	4.51%
2005	$23.42	2.26%
2006	$23.74	1.40%
2007	$24.05	1.29%
2008	$24.91	3.55%
2009	$25.70	3.19%
2010	$25.68	-0.08%
2011	$26.87	4.62%
2012	$27.22	1.32%
2013	$27.33	0.40%
2014	$28.38	3.86%
2015	$29.46	3.78%
2016	$29.42	-0.13%
2017	$28.98	-1.50%
2018	$28.65	-1.14%
2019	$28.88	0.81%
2020	$30.13	4.34%
2021	$30.87	2.46%
2022	$35.69	15.60%
2023	$37.49	5.05%
2024	$37.52	0.06%*

* 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 Lunchmeats:

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	2021	2022	2023	2024
CPI	100.000	99.677	100.392	102.385	105.369	108.115	109.554	114.500	117.085	118.723	120.260	124.530	128.500	128.396	134.327	136.098	136.643	141.919	147.288	147.090	144.882	143.236	144.394	150.659	154.365	178.446	187.462	187.577

Adjust lunchmeats prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Lunchmeats was 100.000 in the year 1997 and 187.577 in 2024:

187.577 / 100.000 * $20 = $37.52

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $37.52 in 2024 (in the CPI category of Lunchmeats).

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