According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages at home are 3.55% higher in 2022 versus 2021 (a $0.71 difference in value).
Between 2021 and 2022: Beer, ale, and other malt beverages at home experienced an average inflation rate of 3.55% 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 2021 would cost $20.71 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.83% during this same period, inflation for beer, ale, and other malt beverages at home was significantly lower.
In the year 2021: Pricing changed by 1.77%, which is below the average yearly change for beer, ale, and other malt beverages at home during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for beer, ale, and other malt beverages at home was lower.
Below are calculations of equivalent buying power for Beer, ale, and other malt beverages at home, over time, for $20 beginning in 2021. 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 Beer, ale, and other malt beverages at home: