Alcohol at home price inflation, 1994→2023

Alcohol At Home Inflation Calculator

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:

Year	USD Value	Inflation Rate
1994	$20.00	0.16%
1995	$20.09	0.45%
1996	$20.60	2.55%
1997	$20.98	1.84%
1998	$21.15	0.78%
1999	$21.58	2.05%
2000	$22.19	2.83%
2001	$22.62	1.92%
2002	$23.03	1.82%
2003	$23.38	1.52%
2004	$23.90	2.23%
2005	$24.19	1.20%
2006	$24.55	1.50%
2007	$25.14	2.42%
2008	$25.96	3.24%
2009	$26.71	2.91%
2010	$26.81	0.36%
2011	$26.92	0.42%
2012	$27.15	0.85%
2013	$27.47	1.18%
2014	$27.66	0.66%
2015	$27.70	0.15%
2016	$27.94	0.86%
2017	$28.12	0.66%
2018	$28.43	1.11%
2019	$28.85	1.47%
2020	$29.34	1.71%
2021	$29.83	1.65%
2022	$30.77	3.16%
2023	$31.72	3.07%*

* 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:

Year	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	2019	2020	2021	2022	2023
CPI	71.900	74.800	80.562	87.269	93.092	97.023	100.515	102.431	105.200	109.285	111.500	114.177	117.885	122.969	137.769	141.631	142.223	142.454	143.100	146.754	149.454	150.615	153.708	158.062	161.100	164.031	166.531	170.238	172.285	174.869	179.094	184.904	190.281	190.966	191.776	193.405	195.690	196.983	197.284	198.977	200.300	202.521	205.490	209.012	212.468	219.177	225.901

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.