Beer, ale, and other malt beverages at home price inflation, 2023→2024

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

Prices for Beer, Ale, And Other Malt Beverages At Home, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages at home are 2.94% higher in 2024 versus 2023 (a $0.59 difference in value).

Between 2023 and 2024: Beer, ale, and other malt beverages at home experienced an average inflation rate of 2.94% 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 2023 would cost $20.59 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation for beer, ale, and other malt beverages at home was higher.

In the year 2023: Pricing changed by 5.14%, which is above the average yearly change for beer, ale, and other malt beverages at home during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for beer, ale, and other malt beverages at home was higher.

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 2023

Below are calculations of equivalent buying power for Beer, ale, and other malt beverages at home, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$20.00	5.14%
2024	$20.59	2.94%*

* 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:

Year	1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	38.600	39.080	40.360	40.060	40.760	41.500	41.380	41.740	42.360	42.420	42.680	43.060	43.400	43.833	44.440	45.320	46.480	47.669	49.262	51.054	51.485	52.254	57.323	63.438	64.985	65.962	69.608	76.885	84.754	90.877	95.169	100.669	104.169	106.762	108.738	110.854	114.354	118.200	123.585	138.423	143.508	143.200	143.438	143.877	147.438	148.162	148.462	151.915	156.838	160.731	164.708	168.500	174.623	176.362	178.123	184.125	190.320	197.448	201.000	203.878	207.581	211.069	213.790	215.026	218.937	222.924	225.956	230.114	238.062	242.278	254.360	267.426	275.300

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 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 267.426 in the year 2023 and 275.300 in 2024:

275.300 / 267.426 * $20 = $20.59

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.59 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.