How much did bacon cost in 1983?
Bacon averaged $1.94 per lb in 1983 — about $6.53 in 2026 dollars.
Monthly average price (USD per lb) · 1983
In 1983, bacon averaged $1.94 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 $1.76 in December to $2.15 in February. Over the year it fell from $2.12 in January to $1.76 in December, a 17.2% decline.
Adjusted for inflation, $1.94 in 1983 is worth about $6.53 in 2026 dollars. Today bacon averages $6.71 per lb, so in real terms it is 3% more expensive than it was in 1983. In plain (unadjusted) dollars the price is up 246% versus the 1983 average.
1983 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $2.12 | ▼ 0.2% |
| February | $2.15 | ▲ 1.1% |
| March | $2.07 | ▼ 3.5% |
| April | $2.00 | ▼ 3.3% |
| May | $1.95 | ▼ 2.6% |
| June | $1.91 | ▼ 2.1% |
| July | $1.92 | ▲ 0.4% |
| August | $1.88 | ▼ 2.2% |
| September | $1.91 | ▲ 2.0% |
| October | $1.86 | ▼ 3.0% |
| November | $1.77 | ▼ 4.5% |
| December | $1.76 | ▼ 0.8% |
| 1983 average | $1.94 |
FAQ
What was the average price of bacon in 1983?
Bacon averaged $1.94 per lb in 1983, based on 12 months of BLS average price data.
How much is $1.94 of 1983 bacon worth today?
Adjusted for inflation with the CPI-U, $1.94 in 1983 is about $6.53 in 2026 dollars.
How does the 1983 price of bacon compare to now?
Bacon now averages $6.71 per lb, up 246% from the 1983 average of $1.94.