Alcohol at home priced at $20 in 2008 $24.40 in 2023

Alcohol At Home Inflation Calculator


Prices for Alcohol At Home, 2008-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages at home are 22% higher in 2023 versus 2008 (a $4.40 difference in value).

Between 2008 and 2023: Alcohol at home experienced an average inflation rate of 1.33% per year. In other words, alcohol at home costing $20 in the year 2008 would cost $24.40 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.31% during this same period, inflation for alcohol at home was lower.

In the year 2008: Pricing changed by 3.24%, which is above the average yearly change for alcohol at home during the 2008-2023 time period. Compared to inflation for all items in 2008 (3.84%), 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 2008

Below are calculations of equivalent buying power for Alcohol at home, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust alcohol at home prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2008 * 2008 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Alcoholic beverages at home was 184.904 in the year 2008 and 225.587 in 2023:

225.587 / 184.904 * $20 = $24.40

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $24.40 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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