Beer, ale, and other malt beverages away from home priced at $20 in 1999 $39.06 in 2023

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

$

Prices for Beer, Ale, And Other Malt Beverages Away From Home, 1999-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages away from home are 95.31% higher in 2023 versus 1999 (a $19.06 difference in value).

Between 1999 and 2023: Beer, ale, and other malt beverages away from home experienced an average inflation rate of 2.83% 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 1999 would cost $39.06 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for beer, ale, and other malt beverages away from home was higher.

In the year 1999: Pricing changed by 2.97%, which is above the average yearly change for beer, ale, and other malt beverages away from home during the 1999-2023 time period. Compared to inflation for all items in 1999 (2.19%), inflation for beer, ale, and other malt beverages away from home was higher.

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: 2022 (5.90%), 2023 (4.81%), and 2006 (4.46%).

View price changes for other categories
Phoenix, Arizona · Food · San Diego, California · New trucks · More

Buying power of $20.00 since 1999

Below are calculations of equivalent buying power for Beer, ale, and other malt beverages away from home, over time, for $20 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$20.002.97%
2000$20.653.25%
2001$21.222.75%
2002$21.842.93%
2003$22.523.11%
2004$23.313.49%
2005$23.892.50%
2006$24.954.46%
2007$25.903.81%
2008$26.923.92%
2009$27.632.65%
2010$28.352.59%
2011$29.042.46%
2012$29.581.85%
2013$30.302.44%
2014$30.891.93%
2015$31.491.96%
2016$32.031.73%
2017$32.832.47%
2018$33.411.79%
2019$33.680.81%
2020$34.161.42%
2021$35.193.01%
2022$37.275.90%
2023$39.064.81%*

* 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 away from home:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000100.892103.885107.262110.208113.438116.969121.054124.077129.608134.542139.817143.517147.233150.848153.640157.392160.431163.567166.397170.501173.547174.959177.451182.795193.584202.893

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

Start with the inflation rate formula:

CPI in 2023 / CPI in 1999 * 1999 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Beer, ale, and other malt beverages away from home was 103.885 in the year 1999 and 202.893 in 2023:

202.893 / 103.885 * $20 = $39.06

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1999 has the same "purchasing power" as $39.06 in 2023 (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.

» Read more about inflation and investment.