According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages at home are 4.71% higher in 2024 versus 2022 (a $0.94 difference in value).
Between 2022 and 2024: Alcohol at home experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, alcohol at home costing $20 in the year 2022 would cost $20.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for alcohol at home was lower.
In the year 2022: Pricing changed by 3.16%, which is above the average yearly change for alcohol at home during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for alcohol at home was much lower.
Below are calculations of equivalent buying power for Alcohol at home, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2022 | $20.00 | 3.16% |
2023 | $20.62 | 3.11% |
2024 | $20.94 | 1.54%* |
* 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 | 2024 |
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 | 226.001 | 229.490 |