According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages away from home were 56.43% higher in 2020 versus 2002 (a $11.29 difference in value).
Between 2002 and 2020: Beer, ale, and other malt beverages away from home experienced an average inflation rate of 2.52% 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 2002 would cost $31.29 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.04% during this same period, inflation for beer, ale, and other malt beverages away from home was higher.
In the year 2002: Pricing changed by 2.93%, which is above the average yearly change for beer, ale, and other malt beverages away from home during the 2002-2020 time period. Compared to inflation for all items in 2002 (1.59%), inflation for beer, ale, and other malt beverages away from home was higher.
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 |
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 |
Below are calculations of equivalent buying power for Beer, ale, and other malt beverages away from home, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2002 | $20.00 | 2.93% |
2003 | $20.62 | 3.11% |
2004 | $21.34 | 3.49% |
2005 | $21.88 | 2.50% |
2006 | $22.85 | 4.46% |
2007 | $23.72 | 3.81% |
2008 | $24.65 | 3.92% |
2009 | $25.30 | 2.65% |
2010 | $25.96 | 2.59% |
2011 | $26.60 | 2.46% |
2012 | $27.09 | 1.85% |
2013 | $27.75 | 2.44% |
2014 | $28.29 | 1.93% |
2015 | $28.84 | 1.96% |
2016 | $29.34 | 1.73% |
2017 | $30.06 | 2.47% |
2018 | $30.60 | 1.79% |
2019 | $30.85 | 0.81% |
2020 | $31.29 | 1.42%* |