Beer, ale, and other malt beverages away from home price history from 1998 through 2021

Beer, Ale, And Other Malt Beverages Away From Home Inflation Calculator

Prices for Beer, Ale, And Other Malt Beverages Away From Home, 1998-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages away from home were 79.40% higher in 2021 versus 1998 (a $15.88 difference in value).

Between 1998 and 2021: Beer, ale, and other malt beverages away from home experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, beer, ale, and other malt beverages away from home costing $20 in the year 1998 would cost $35.88 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for beer, ale, and other malt beverages away from home was higher.

In the year 1998: Pricing changed by 0.89%, which is below the average yearly change for beer, ale, and other malt beverages away from home during the 1998-2021 time period. Compared to inflation for all items in 1998 (1.55%), inflation for beer, ale, and other malt beverages away from home was lower.

Price Inflation for Beer, ale, and other malt beverages away from home since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2006 (4.46%), 2008 (3.92%), and 2007 (3.81%).

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

Year	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
CPI	100.000	100.892	103.885	107.262	110.208	113.438	116.969	121.054	124.077	129.608	134.542	139.817	143.517	147.233	150.848	153.640	157.392	160.431	163.567	166.397	170.501	173.547	174.959	177.451	181.003

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Buying power of $20 since 1998

Below are calculations of equivalent buying power for Beer, ale, and other malt beverages away from home, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1998	$20.00	0.89%
1999	$20.59	2.97%
2000	$21.26	3.25%
2001	$21.85	2.75%
2002	$22.49	2.93%
2003	$23.19	3.11%
2004	$24.00	3.49%
2005	$24.60	2.50%
2006	$25.69	4.46%
2007	$26.67	3.81%
2008	$27.72	3.92%
2009	$28.45	2.65%
2010	$29.19	2.59%
2011	$29.90	2.46%
2012	$30.46	1.85%
2013	$31.20	2.44%
2014	$31.80	1.93%
2015	$32.42	1.96%
2016	$32.99	1.73%
2017	$33.80	2.47%
2018	$34.40	1.79%
2019	$34.68	0.81%
2020	$35.18	1.42%
2021	$35.88	2.00%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for beer, ale, and other malt beverages away from home, 1998-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1998 * 1998 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Beer, ale, and other malt beverages away from home was 100.892 in the year 1998 and 181.003 in 2021:

181.003 / 100.892 * $20 = $35.88

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $35.88 in 2021 (in the CPI category of Beer, ale, and other malt beverages away from home).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Beer, ale, and other malt beverages away from home in 1997. In addition to beer, ale, and other malt beverages away from home, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.