Alcohol at home price inflation, 2023→2024

Alcohol At Home Inflation Calculator

Prices for Alcohol At Home, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages at home are 1.52% higher in 2024 versus 2023 (a $0.30 difference in value).

Between 2023 and 2024: Alcohol at home experienced an average inflation rate of 1.52% per year. In other words, alcohol at home costing $20 in the year 2023 would cost $20.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation for alcohol at home was lower.

In the year 2023: Pricing changed by 3.11%, which is above the average yearly change for alcohol at home during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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 2023

Below are calculations of equivalent buying power for Alcohol at home, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	3.11%
2024	$20.30	1.52%*

* 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	229.447

Adjust alcohol at home prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Alcoholic beverages at home was 226.001 in the year 2023 and 229.447 in 2024:

229.447 / 226.001 * $20 = $20.30

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.30 in 2024 (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.