Fresh and frozen chicken parts price inflation, 2020→2024

Fresh And Frozen Chicken Parts Inflation Calculator

Prices for Fresh And Frozen Chicken Parts, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh and frozen chicken parts are 24.09% higher in 2024 versus 2020 (a $4.82 difference in value).

Between 2020 and 2024: Fresh and frozen chicken parts experienced an average inflation rate of 5.55% per year. This rate of change indicates significant inflation. In other words, fresh and frozen chicken parts costing $20 in the year 2020 would cost $24.82 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.87% during this same period, inflation for fresh and frozen chicken parts was higher.

In the year 2020: Pricing changed by 4.79%, which is below the average yearly change for fresh and frozen chicken parts during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for fresh and frozen chicken parts was much higher.

Price Inflation for Fresh and frozen chicken parts since 1977

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

Years with the largest changes in pricing: 2022 (15.87%), 1984 (12.14%), and 1978 (10.23%).

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Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Fresh and frozen chicken parts, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2020	$20.00	4.79%
2021	$21.21	6.03%
2022	$24.57	15.87%
2023	$24.73	0.63%
2024	$24.82	0.38%*

* 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 Fresh and frozen chicken parts:

Year	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	2022	2023	2024
CPI	74.400	82.008	86.408	91.731	96.654	94.938	96.654	108.385	104.554	114.554	114.377	123.269	135.715	135.869	134.708	134.377	140.131	145.615	146.031	155.031	157.408	157.215	156.769	157.662	163.115	166.508	170.023	182.954	186.931	180.023	190.371	199.765	201.717	200.742	202.272	212.405	222.919	225.804	225.646	217.811	220.979	223.894	223.269	233.970	248.068	287.443	289.251	290.344

Adjust fresh and frozen chicken parts prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fresh and frozen chicken parts was 233.970 in the year 2020 and 290.344 in 2024:

290.344 / 233.970 * $20 = $24.82

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $24.82 in 2024 (in the CPI category of Fresh and frozen chicken parts).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh and frozen chicken parts in 1977. In addition to fresh and frozen chicken parts, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.