THE GROCERY PRICE INDEX

How much did bacon cost in 1994?

Bacon averaged $1.99 per lb in 1994 — about $4.50 in 2026 dollars.

Monthly average price (USD per lb) · 1994

$1.88$1.93$1.98$2.03$2.08 $1.89 199419941994199419941994

In 1994, bacon averaged $1.99 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 $1.89 in December to $2.06 in April. Over the year it fell from $2.04 in January to $1.89 in December, a 7.3% decline.

Adjusted for inflation, $1.99 in 1994 is worth about $4.50 in 2026 dollars. Today bacon averages $6.71 per lb, so in real terms it is 49% more expensive than it was in 1994. In plain (unadjusted) dollars the price is up 237% versus the 1994 average.

1994 monthly prices

MonthPriceMoM
January $2.04 ▲ 1.1%
February $2.02 ▼ 1.1%
March $2.02 ▼ 0.1%
April $2.06 ▲ 2.3%
May $2.02 ▼ 2.3%
June $1.99 ▼ 1.5%
July $2.00 ▲ 0.8%
August $1.99 ▼ 0.7%
September $1.97 ▼ 0.7%
October $1.97 ▼ 0.4%
November $1.92 ▼ 2.4%
December $1.89 ▼ 1.3%
1994 average$1.99

FAQ

What was the average price of bacon in 1994?

Bacon averaged $1.99 per lb in 1994, based on 12 months of BLS average price data.

How much is $1.99 of 1994 bacon worth today?

Adjusted for inflation with the CPI-U, $1.99 in 1994 is about $4.50 in 2026 dollars.

How does the 1994 price of bacon compare to now?

Bacon now averages $6.71 per lb, up 237% from the 1994 average of $1.99.