Alcohol at home priced at $20 in 1994 $31.72 in 2023

Alcohol At Home Inflation Calculator

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Prices for Alcohol At Home, 1994-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages at home are 58.58% higher in 2023 versus 1994 (a $11.72 difference in value).

Between 1994 and 2023: Alcohol at home experienced an average inflation rate of 1.60% per year. In other words, alcohol at home costing $20 in the year 1994 would cost $31.72 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for alcohol at home was lower.

In the year 1994: Pricing changed by 0.16%, which is below the average yearly change for alcohol at home during the 1994-2023 time period. Compared to inflation for all items in 1994 (2.60%), inflation for alcohol at home was lower.

Price Inflation for Alcoholic beverages at home since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1991 (12.04%), 1980 (8.33%), and 1979 (7.70%).

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Buying power of $20.00 since 1994

Below are calculations of equivalent buying power for Alcohol at home, over time, for $20 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$20.000.16%
1995$20.090.45%
1996$20.602.55%
1997$20.981.84%
1998$21.150.78%
1999$21.582.05%
2000$22.192.83%
2001$22.621.92%
2002$23.031.82%
2003$23.381.52%
2004$23.902.23%
2005$24.191.20%
2006$24.551.50%
2007$25.142.42%
2008$25.963.24%
2009$26.712.91%
2010$26.810.36%
2011$26.920.42%
2012$27.150.85%
2013$27.471.18%
2014$27.660.66%
2015$27.700.15%
2016$27.940.86%
2017$28.120.66%
2018$28.431.11%
2019$28.851.47%
2020$29.341.71%
2021$29.831.65%
2022$30.773.16%
2023$31.723.07%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Alcoholic beverages at home:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI71.90074.80080.56287.26993.09297.023100.515102.431105.200109.285111.500114.177117.885122.969137.769141.631142.223142.454143.100146.754149.454150.615153.708158.062161.100164.031166.531170.238172.285174.869179.094184.904190.281190.966191.776193.405195.690196.983197.284198.977200.300202.521205.490209.012212.468219.177225.901

Adjust alcohol at home prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1994 * 1994 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Alcoholic beverages at home was 142.454 in the year 1994 and 225.901 in 2023:

225.901 / 142.454 * $20 = $31.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1994 has the same "purchasing power" as $31.72 in 2023 (in the CPI category of Alcoholic beverages at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Alcoholic beverages at home in 1977. In addition to alcohol 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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