Beer, ale, and other malt beverages at home priced at $20 in 1971 $107.10 in 2024

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

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Prices for Beer, Ale, And Other Malt Beverages At Home, 1971-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages at home are 435.48% higher in 2024 versus 1971 (a $87.10 difference in value).

Between 1971 and 2024: Beer, ale, and other malt beverages at home experienced an average inflation rate of 3.22% 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 1971 would cost $107.10 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.92% during this same period, inflation for beer, ale, and other malt beverages at home was lower.

In the year 1971: Pricing changed by 3.64%, which is above the average yearly change for beer, ale, and other malt beverages at home during the 1971-2024 time period. Compared to inflation for all items in 1971 (4.30%), 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 1971

Below are calculations of equivalent buying power for Beer, ale, and other malt beverages at home, over time, for $20 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1971$20.003.64%
1972$20.170.84%
1973$20.471.49%
1974$22.469.70%
1975$24.8510.67%
1976$25.462.44%
1977$25.841.50%
1978$27.275.53%
1979$30.1210.45%
1980$33.2010.24%
1981$35.607.22%
1982$37.284.72%
1983$39.445.78%
1984$40.813.48%
1985$41.822.49%
1986$42.601.85%
1987$43.431.95%
1988$44.803.16%
1989$46.303.36%
1990$48.414.56%
1991$54.2312.01%
1992$56.223.67%
1993$56.10-0.21%
1994$56.190.17%
1995$56.360.31%
1996$57.762.48%
1997$58.040.49%
1998$58.160.20%
1999$59.512.33%
2000$61.443.24%
2001$62.972.48%
2002$64.522.47%
2003$66.012.30%
2004$68.413.63%
2005$69.091.00%
2006$69.781.00%
2007$72.133.37%
2008$74.563.36%
2009$77.353.75%
2010$78.741.80%
2011$79.871.43%
2012$81.321.82%
2013$82.681.68%
2014$83.751.29%
2015$84.240.58%
2016$85.771.82%
2017$87.331.82%
2018$88.521.36%
2019$90.151.84%
2020$93.263.45%
2021$94.911.77%
2022$99.644.99%
2023$104.765.14%
2024$107.102.23%*

* 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:

Year1952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI38.60039.08040.36040.06040.76041.50041.38041.74042.36042.42042.68043.06043.40043.83344.44045.32046.48047.66949.26251.05451.48552.25457.32363.43864.98565.96269.60876.88584.75490.87795.169100.669104.169106.762108.738110.854114.354118.200123.585138.423143.508143.200143.438143.877147.438148.162148.462151.915156.838160.731164.708168.500174.623176.362178.123184.125190.320197.448201.000203.878207.581211.069213.790215.026218.937222.924225.956230.114238.062242.278254.360267.426273.383

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 1971 * 1971 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Beer, ale, and other malt beverages at home was 51.054 in the year 1971 and 273.383 in 2024:

273.383 / 51.054 * $20 = $107.10

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1971 has the same "purchasing power" as $107.10 in 2024 (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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