THE GROCERY PRICE INDEX

How much did bacon cost in 2002?

Bacon averaged $3.24 per lb in 2002 — about $6.04 in 2026 dollars.

Monthly average price (USD per lb) · 2002

$3.14$3.19$3.24$3.28$3.33 $3.24 200220022002200220022002

In 2002, bacon averaged $3.24 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 $3.16 in September to $3.32 in February. Over the year it fell from $3.27 in January to $3.24 in December, a 0.9% decline.

Adjusted for inflation, $3.24 in 2002 is worth about $6.04 in 2026 dollars. Today bacon averages $6.71 per lb, so in real terms it is 11% more expensive than it was in 2002. In plain (unadjusted) dollars the price is up 107% versus the 2002 average.

2002 monthly prices

MonthPriceMoM
January $3.27 ▼ 0.9%
February $3.32 ▲ 1.4%
March $3.27 ▼ 1.5%
April $3.26 ▼ 0.3%
May $3.18 ▼ 2.3%
June $3.19 ▲ 0.3%
July $3.23 ▲ 1.2%
August $3.27 ▲ 1.2%
September $3.16 ▼ 3.5%
October $3.24 ▲ 2.7%
November $3.21 ▼ 0.9%
December $3.24 ▲ 1.0%
2002 average$3.24

FAQ

What was the average price of bacon in 2002?

Bacon averaged $3.24 per lb in 2002, based on 12 months of BLS average price data.

How much is $3.24 of 2002 bacon worth today?

Adjusted for inflation with the CPI-U, $3.24 in 2002 is about $6.04 in 2026 dollars.

How does the 2002 price of bacon compare to now?

Bacon now averages $6.71 per lb, up 107% from the 2002 average of $3.24.