Fresh whole chicken price inflation, 2023→2024

Fresh Whole Chicken Inflation Calculator

Prices for Fresh Whole Chicken, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for fresh whole chicken are 1.74% higher in 2024 versus 2023 (a $0.35 difference in value).

Between 2023 and 2024: Fresh whole chicken experienced an average inflation rate of 1.74% per year. In other words, fresh whole chicken costing $20 in the year 2023 would cost $20.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for fresh whole chicken was lower.

In the year 2023: Pricing changed by 4.89%, which is significantly above the average yearly change for fresh whole chicken during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for fresh whole chicken was higher.

Price Inflation for Fresh whole chicken since 1935

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

Years with the largest changes in pricing: 1973 (44.27%), 1942 (20.18%), and 1943 (19.06%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Fresh whole chicken, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	4.89%
2024	$20.35	1.74%*

* 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 whole chicken:

Year	1935	1936	1937	1938	1939	1940	1941	1942	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	2022	2023	2024
CPI	36.223	38.331	39.808	39.685	35.585	35.969	38.723	46.538	55.408	57.277	58.592	65.977	69.500	77.069	72.669	69.531	72.862	73.131	71.308	64.392	67.008	58.738	57.315	56.585	51.577	52.423	47.362	50.008	49.269	48.169	49.785	52.731	48.746	51.146	54.123	52.338	52.923	53.446	77.108	72.285	81.423	76.885	77.262	85.646	87.246	94.415	96.515	94.754	96.269	108.969	104.500	115.415	113.277	125.069	137.115	134.938	131.700	131.869	138.000	140.085	142.223	152.562	158.469	159.577	161.823	162.877	167.977	169.092	165.792	182.369	186.708	184.031	196.176	207.853	211.823	211.065	219.049	229.451	243.490	252.024	253.483	249.434	244.847	248.459	247.733	260.639	270.383	306.568	321.563	327.163

Adjust fresh whole chicken prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Fresh whole chicken was 321.563 in the year 2023 and 327.163 in 2024:

327.163 / 321.563 * $20 = $20.35

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.35 in 2024 (in the CPI category of Fresh whole chicken).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Fresh whole chicken in 1935. In addition to fresh whole chicken, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.