Alcohol away from home priced at $20 in 1998 $37.10 in 2020

Alcohol Away From Home Inflation Calculator

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Prices for Alcohol Away From Home, 1998-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages away from home were 85.51% higher in 2020 versus 1998 (a $17.10 difference in value).

Between 1998 and 2020: Alcohol away from home experienced an average inflation rate of 2.85% per year. This rate of change indicates significant inflation. In other words, alcohol away from home costing $20 in the year 1998 would cost $37.10 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for alcohol away from home was higher.

In the year 1998: Pricing changed by 2.97%, which is above the average yearly change for alcohol away from home during the 1998-2020 time period. Compared to inflation for all items in 1998 (1.55%), inflation for alcohol away from home was higher.

Price Inflation for Alcoholic beverages away from home since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1981 (8.74%), 1991 (8.64%), and 1979 (8.37%).

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

Year 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
CPI 71.258 77.225 82.875 90.117 95.142 99.758 105.108 111.142 118.458 123.375 130.583 137.400 144.425 156.908 162.458 167.400 171.575 176.492 182.700 189.408 195.042 200.950 207.083 215.175 222.517 228.650 236.583 244.517 254.642 265.969 277.394 285.550 291.892 300.886 310.539 317.910 323.813 330.513 336.583 343.459 350.931 355.164 361.825

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Buying power of $20 since 1998

Below are calculations of equivalent buying power for Alcohol away from home, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1998 $20.00 2.97%
1999 $20.61 3.03%
2000 $21.23 3.05%
2001 $22.06 3.91%
2002 $22.82 3.41%
2003 $23.45 2.76%
2004 $24.26 3.47%
2005 $25.07 3.35%
2006 $26.11 4.14%
2007 $27.27 4.45%
2008 $28.44 4.30%
2009 $29.28 2.94%
2010 $29.93 2.22%
2011 $30.85 3.08%
2012 $31.84 3.21%
2013 $32.60 2.37%
2014 $33.20 1.86%
2015 $33.89 2.07%
2016 $34.51 1.84%
2017 $35.22 2.04%
2018 $35.99 2.18%
2019 $36.42 1.21%
2020 $37.10 1.88%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for alcohol away from home, 1998-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1998 * 1998 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Alcoholic beverages away from home was 195.042 in the year 1998 and 361.825 in 2020:

361.825 / 195.042 * $20 = $37.10

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $37.10 in 2020 (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 1978. 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.

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