Beer, ale, and other malt beverages at home priced at $20 in 1968 $114.87 in 2023

Beer, Ale, And Other Malt Beverages At Home Inflation Calculator

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Prices for Beer, Ale, And Other Malt Beverages At Home, 1968-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages at home are 474.37% higher in 2023 versus 1968 (a $94.87 difference in value).

Between 1968 and 2023: Beer, ale, and other malt beverages at home experienced an average inflation rate of 3.23% per year. This rate of change indicates significant inflation. In other words, beer, ale, and other malt beverages at home costing $20 in the year 1968 would cost $114.87 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 4.02% during this same period, inflation for beer, ale, and other malt beverages at home was lower.

In the year 1968: Pricing changed by 2.56%, which is below the average yearly change for beer, ale, and other malt beverages at home during the 1968-2023 time period. Compared to inflation for all items in 1968 (4.27%), inflation for beer, ale, and other malt beverages at home was lower.

Price Inflation for Beer, ale, and other malt beverages at home since 1952

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1991 (12.01%), 1975 (10.67%), and 1979 (10.45%).

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Buying power of $20.00 since 1968

Below are calculations of equivalent buying power for Beer, ale, and other malt beverages at home, over time, for $20 beginning in 1968. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1968$20.002.56%
1969$20.512.56%
1970$21.203.34%
1971$21.973.64%
1972$22.150.84%
1973$22.481.49%
1974$24.679.70%
1975$27.3010.67%
1976$27.962.44%
1977$28.381.50%
1978$29.955.53%
1979$33.0810.45%
1980$36.4710.24%
1981$39.107.22%
1982$40.954.72%
1983$43.325.78%
1984$44.823.48%
1985$45.942.49%
1986$46.791.85%
1987$47.701.95%
1988$49.213.16%
1989$50.863.36%
1990$53.184.56%
1991$59.5612.01%
1992$61.753.67%
1993$61.62-0.21%
1994$61.720.17%
1995$61.910.31%
1996$63.442.48%
1997$63.750.49%
1998$63.880.20%
1999$65.372.33%
2000$67.493.24%
2001$69.162.48%
2002$70.872.47%
2003$72.502.30%
2004$75.143.63%
2005$75.891.00%
2006$76.651.00%
2007$79.233.37%
2008$81.893.36%
2009$84.963.75%
2010$86.491.80%
2011$87.731.43%
2012$89.321.82%
2013$90.821.68%
2014$91.991.29%
2015$92.520.58%
2016$94.211.82%
2017$95.921.82%
2018$97.231.36%
2019$99.021.84%
2020$102.443.45%
2021$104.251.77%
2022$109.454.99%
2023$114.874.96%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Beer, ale, and other malt beverages at home:

Year195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI38.60039.08040.36040.06040.76041.50041.38041.74042.36042.42042.68043.06043.40043.83344.44045.32046.48047.66949.26251.05451.48552.25457.32363.43864.98565.96269.60876.88584.75490.87795.169100.669104.169106.762108.738110.854114.354118.200123.585138.423143.508143.200143.438143.877147.438148.162148.462151.915156.838160.731164.708168.500174.623176.362178.123184.125190.320197.448201.000203.878207.581211.069213.790215.026218.937222.924225.956230.114238.062242.278254.360266.967

Adjust beer, ale, and other malt beverages at home prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1968 * 1968 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Beer, ale, and other malt beverages at home was 46.480 in the year 1968 and 266.967 in 2023:

266.967 / 46.480 * $20 = $114.87

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1968 has the same "purchasing power" as $114.87 in 2023 (in the CPI category of Beer, ale, and other malt beverages at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Beer, ale, and other malt beverages at home in 1952. In addition to beer, ale, and other malt beverages at 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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