According to the U.S. Bureau of Labor Statistics, prices for alcoholic beverages away from home are 14.92% higher in 2021 versus 2014 (a $2.98 difference in value).
Between 2014 and 2021: Alcohol away from home experienced an average inflation rate of 2.01% per year. This rate of change indicates significant inflation. In other words, alcohol away from home costing $20 in the year 2014 would cost $22.98 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.87% during this same period, inflation for alcohol away from home was higher.
In the year 2014: Pricing changed by 1.86%, which is below the average yearly change for alcohol away from home during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for alcohol away from home was higher.
Below are calculations of equivalent buying power for Alcohol away from home, over time, for $20 beginning in 2014. 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: