THE GROCERY PRICE INDEX

How much did bacon cost in 1996?

Bacon averaged $2.47 per lb in 1996 — about $5.28 in 2026 dollars.

Monthly average price (USD per lb) · 1996

$2.08$2.28$2.47$2.67$2.86 $2.64 199619961996199619961996

In 1996, bacon averaged $2.47 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 $2.14 in January to $2.81 in September. Over the year it rose from $2.14 in January to $2.64 in December, a 23.6% increase.

Adjusted for inflation, $2.47 in 1996 is worth about $5.28 in 2026 dollars. Today bacon averages $6.71 per lb, so in real terms it is 27% more expensive than it was in 1996. In plain (unadjusted) dollars the price is up 172% versus the 1996 average.

1996 monthly prices

MonthPriceMoM
January $2.14 ▼ 1.3%
February $2.20 ▲ 3.0%
March $2.20 ▼ 0.1%
April $2.24 ▲ 1.8%
May $2.35 ▲ 4.6%
June $2.49 ▲ 6.3%
July $2.54 ▲ 2.0%
August $2.68 ▲ 5.5%
September $2.81 ▲ 4.7%
October $2.72 ▼ 3.1%
November $2.66 ▼ 2.4%
December $2.64 ▼ 0.5%
1996 average$2.47

FAQ

What was the average price of bacon in 1996?

Bacon averaged $2.47 per lb in 1996, based on 12 months of BLS average price data.

How much is $2.47 of 1996 bacon worth today?

Adjusted for inflation with the CPI-U, $2.47 in 1996 is about $5.28 in 2026 dollars.

How does the 1996 price of bacon compare to now?

Bacon now averages $6.71 per lb, up 172% from the 1996 average of $2.47.