Beer, ale, and other malt beverages away from home price inflation, 2020→2024

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

Prices for Beer, Ale, And Other Malt Beverages Away From Home, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beer, ale, and other malt beverages away from home are 18.11% higher in 2024 versus 2020 (a $3.62 difference in value).

Between 2020 and 2024: Beer, ale, and other malt beverages away from home experienced an average inflation rate of 4.25% 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 2020 would cost $23.62 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for beer, ale, and other malt beverages away from home was lower.

In the year 2020: Pricing changed by 1.42%, which is below the average yearly change for beer, ale, and other malt beverages away from home during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020

Below are calculations of equivalent buying power for Beer, ale, and other malt beverages away from home, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2020	$20.00	1.42%
2021	$20.60	3.01%
2022	$21.82	5.90%
2023	$22.96	5.21%
2024	$23.62	2.90%*

* 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:

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	2022	2023	2024
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	182.795	193.584	203.677	209.584

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 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 177.451 in the year 2020 and 209.584 in 2024:

209.584 / 177.451 * $20 = $23.62

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $23.62 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.