Beer, ale, and other malt beverages away from home priced at $20 in 2016 $25.19 in 2024

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

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Prices for Beer, Ale, And Other Malt Beverages Away From Home, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages away from home are 25.95% higher in 2024 versus 2016 (a $5.19 difference in value).

Between 2016 and 2024: Beer, ale, and other malt beverages away from home experienced an average inflation rate of 2.93% 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 2016 would cost $25.19 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for beer, ale, and other malt beverages away from home was lower.

In the year 2016: Pricing changed by 1.73%, which is below the average yearly change for beer, ale, and other malt beverages away from home during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), 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 (5.21%), and 2006 (4.46%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Beer, ale, and other malt beverages away from home, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.001.73%
2017$20.492.47%
2018$20.861.79%
2019$21.030.81%
2020$21.331.42%
2021$21.973.01%
2022$23.275.90%
2023$24.485.21%
2024$25.192.90%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.892103.885107.262110.208113.438116.969121.054124.077129.608134.542139.817143.517147.233150.848153.640157.392160.431163.567166.397170.501173.547174.959177.451182.795193.584203.677209.584

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Beer, ale, and other malt beverages away from home was 166.397 in the year 2016 and 209.584 in 2024:

209.584 / 166.397 * $20 = $25.19

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $25.19 in 2024 (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.

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