According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages away from home are 24.08% higher in 2021 versus 2011 (a $4.82 difference in value).
Between 2011 and 2021: Alcohol away from home experienced an average inflation rate of 2.18% per year. This rate of change indicates significant inflation. In other words, alcohol away from home costing $20 in the year 2011 would cost $24.82 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.88% 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 2011-2021 time period. Compared to inflation for all items in 2011 (3.16%), inflation for alcohol away from home was lower.
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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Alcoholic beverages away from home: