Alcohol away from home priced at $20 in 1987 $63.12 in 2022

Alcohol Away From Home Inflation Calculator

$

Prices for Alcohol Away From Home, 1987-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages away from home are 215.61% higher in 2022 versus 1987 (a $43.12 difference in value).

Between 1987 and 2022: Alcohol away from home experienced an average inflation rate of 3.34% per year. This rate of change indicates significant inflation. In other words, alcohol away from home costing $20 in the year 1987 would cost $63.12 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.71% during this same period, inflation for alcohol away from home was higher.

In the year 1987: Pricing changed by 4.15%, which is above the average yearly change for alcohol away from home during the 1987-2022 time period. Compared to inflation for all items in 1987 (3.66%), inflation for alcohol away from home was higher.

Price Inflation for Alcoholic beverages away from home since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (8.75%), 1991 (8.65%), and 1979 (8.38%).

View price changes for other categories
Denver, Colorado · Tampa, Florida · Admission to sporting events · Legal services · More

Buying power of $20.00 since 1987

Below are calculations of equivalent buying power for Alcohol away from home, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$20.004.15%
1988$21.175.84%
1989$22.275.22%
1990$23.415.12%
1991$25.448.65%
1992$26.343.53%
1993$27.143.05%
1994$27.812.48%
1995$28.612.87%
1996$29.623.52%
1997$30.703.67%
1998$31.622.97%
1999$32.583.03%
2000$33.573.05%
2001$34.883.90%
2002$36.073.41%
2003$37.062.75%
2004$38.353.48%
2005$39.643.35%
2006$41.284.14%
2007$43.114.45%
2008$44.974.30%
2009$46.292.94%
2010$47.322.22%
2011$48.783.08%
2012$50.343.21%
2013$51.532.37%
2014$52.491.86%
2015$53.582.07%
2016$54.561.84%
2017$55.682.04%
2018$56.892.18%
2019$57.571.21%
2020$58.862.23%
2021$60.522.83%
2022$63.124.30%*
* Not final. See inflation summary for latest details.

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

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI67.70071.25477.22382.86290.11595.14699.762105.108111.138118.462123.377130.585137.400144.431156.923162.462167.415171.569176.492182.700189.408195.038200.954207.085215.169222.508228.631236.585244.515254.638265.969277.394285.550291.892300.886310.539317.910323.813330.513336.583343.459350.931355.164363.080373.354389.392

Adjust alcohol away from home prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1987 * 1987 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Alcoholic beverages away from home was 123.377 in the year 1987 and 389.392 in 2022:

389.392 / 123.377 * $20 = $63.12

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1987 has the same "purchasing power" as $63.12 in 2022 (in the CPI category of Alcoholic beverages away from home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Alcoholic beverages away from home in 1977. In addition to alcohol away from home, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.