THE GROCERY PRICE INDEX

How much did bacon cost in 1981?

Bacon averaged $1.67 per lb in 1981 — about $6.16 in 2026 dollars.

Monthly average price (USD per lb) · 1981

$1.51$1.58$1.66$1.73$1.80 $1.75 198119811981198119811981

In 1981, bacon averaged $1.67 per lb at the U.S. city average, across all twelve months, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $1.53 in April to $1.78 in October. Over the year it rose from $1.67 in January to $1.75 in December, a 5.0% increase.

Adjusted for inflation, $1.67 in 1981 is worth about $6.16 in 2026 dollars. Today bacon averages $6.71 per lb, so in real terms it is 9% more expensive than it was in 1981. In plain (unadjusted) dollars the price is up 302% versus the 1981 average.

1981 monthly prices

MonthPriceMoM
January $1.67 ▼ 2.5%
February $1.64 ▼ 1.8%
March $1.60 ▼ 2.6%
April $1.53 ▼ 4.1%
May $1.55 ▲ 1.2%
June $1.60 ▲ 3.4%
July $1.67 ▲ 4.0%
August $1.69 ▲ 1.7%
September $1.75 ▲ 3.5%
October $1.78 ▲ 1.5%
November $1.77 ▼ 0.8%
December $1.75 ▼ 0.8%
1981 average$1.67

FAQ

What was the average price of bacon in 1981?

Bacon averaged $1.67 per lb in 1981, based on 12 months of BLS average price data.

How much is $1.67 of 1981 bacon worth today?

Adjusted for inflation with the CPI-U, $1.67 in 1981 is about $6.16 in 2026 dollars.

How does the 1981 price of bacon compare to now?

Bacon now averages $6.71 per lb, up 302% from the 1981 average of $1.67.