Beer, ale, and other malt beverages at home priced at $1.57 in 1953 $8.80 in 2016

Historical Price Inflation for Beer, ale, and other malt beverages at home

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Prices for Beer, Ale, And Other Malt Beverages At Home, 1953-2016 ($1.57)

According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages at home were 460.23% higher in 2016 versus 1953 (a $7.23 difference in value).

Between 1953 and 2016: Beer, ale, and other malt beverages at home experienced an average inflation rate of 2.77% per year. This rate of change indicates significant inflation. In other words, beer, ale, and other malt beverages at home costing $1.57 in the year 1953 would cost $8.80 in 2016 for an equivalent purchase. Compared to the overall inflation rate of 3.54% during this same period, inflation for beer, ale, and other malt beverages at home was lower.

In the year 1953: Pricing changed by 1.24%, which is below the average yearly change for beer, ale, and other malt beverages at home during the 1953-2016 time period. Compared to inflation for all items in 1953 (0.81%), inflation for beer, ale, and other malt beverages at home was higher.

Price Inflation for Beer, ale, and other malt beverages at home since 1952

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1991 (12.01%), 1975 (10.67%), and 1979 (10.45%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Beer, ale, and other malt beverages at home:

Year 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 38.600 39.080 40.360 40.060 40.760 41.500 41.380 41.740 42.360 42.420 42.680 43.060 43.400 43.833 44.440 45.320 46.480 47.669 49.262 51.054 51.485 52.254 57.323 63.438 64.985 65.962 69.608 76.885 84.754 90.877 95.169 100.669 104.169 106.762 108.738 110.854 114.354 118.200 123.585 138.423 143.508 143.200 143.438 143.877 147.438 148.162 148.462 151.915 156.838 160.731 164.708 168.500 174.623 176.362 178.123 184.125 190.320 197.448 201.000 203.878 207.581 211.069 213.790 215.026 218.937 222.924 224.848

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Buying power of $1.57 since 1953

Below are calculations of equivalent buying power for Beer, ale, and other malt beverages at home, over time, for $1.57 beginning in 1953. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1953 $1.57 1.24%
1954 $1.62 3.28%
1955 $1.61 -0.74%
1956 $1.64 1.75%
1957 $1.67 1.82%
1958 $1.66 -0.29%
1959 $1.68 0.87%
1960 $1.70 1.49%
1961 $1.70 0.14%
1962 $1.71 0.61%
1963 $1.73 0.89%
1964 $1.74 0.79%
1965 $1.76 1.00%
1966 $1.79 1.38%
1967 $1.82 1.98%
1968 $1.87 2.56%
1969 $1.92 2.56%
1970 $1.98 3.34%
1971 $2.05 3.64%
1972 $2.07 0.84%
1973 $2.10 1.49%
1974 $2.30 9.70%
1975 $2.55 10.67%
1976 $2.61 2.44%
1977 $2.65 1.50%
1978 $2.80 5.53%
1979 $3.09 10.45%
1980 $3.40 10.24%
1981 $3.65 7.22%
1982 $3.82 4.72%
1983 $4.04 5.78%
1984 $4.18 3.48%
1985 $4.29 2.49%
1986 $4.37 1.85%
1987 $4.45 1.95%
1988 $4.59 3.16%
1989 $4.75 3.36%
1990 $4.96 4.56%
1991 $5.56 12.01%
1992 $5.77 3.67%
1993 $5.75 -0.21%
1994 $5.76 0.17%
1995 $5.78 0.31%
1996 $5.92 2.48%
1997 $5.95 0.49%
1998 $5.96 0.20%
1999 $6.10 2.33%
2000 $6.30 3.24%
2001 $6.46 2.48%
2002 $6.62 2.47%
2003 $6.77 2.30%
2004 $7.02 3.63%
2005 $7.09 1.00%
2006 $7.16 1.00%
2007 $7.40 3.37%
2008 $7.65 3.36%
2009 $7.93 3.75%
2010 $8.07 1.80%
2011 $8.19 1.43%
2012 $8.34 1.82%
2013 $8.48 1.68%
2014 $8.59 1.29%
2015 $8.64 0.58%
2016 $8.80 1.82%
2017 $8.96 1.82%
2018 $9.03 0.86%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for beer, ale, and other malt beverages at home, 1953-2016

Start with the inflation rate formula:

CPI in 2016 / CPI in 1953 * 1953 USD value = 2016 USD value

Then plug in historical CPI values from above. The CPI for Beer, ale, and other malt beverages at home was 39.080 in the year 1953 and 218.937 in 2016:

218.937 / 39.080 * $1.57 = $8.80

Therefore, according to U.S. Bureau of Labor Statistics, $1.57 in 1953 has the same "purchasing power" as $8.80 in 2016 (in the CPI category of Beer, ale, and other malt beverages at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Beer, ale, and other malt beverages at home in 1952. In addition to beer, ale, and other malt beverages at home, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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