According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages away from home were 20.14% higher in 2020 versus 2011 (a $4.03 difference in value).
Between 2011 and 2020: Alcohol away from home experienced an average inflation rate of 2.06% per year. This rate of change indicates significant inflation. In other words, alcohol away from home costing $20 in the year 2011 would cost $24.03 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.54% during this same period, inflation for alcohol away from home was higher.
In the year 2011: Pricing changed by 3.08%, which is above the average yearly change for alcohol away from home during the 2011-2020 time period. Compared to inflation for all items in 2011 (3.16%), inflation for alcohol away from home was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Alcoholic beverages away from home:
Below are calculations of equivalent buying power for Alcohol away from home, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|