According to the U.S. Bureau of Labor Statistics, prices for beverage materials including coffee and tea are 42.15% higher in 2023 versus 1997 (a $8.43 difference in value).
Between 1997 and 2023: Beverage materials including coffee and tea experienced an average inflation rate of 1.36% per year. In other words, beverage materials including coffee and tea costing $20 in the year 1997 would cost $28.43 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for beverage materials including coffee and tea was lower.
Below are calculations of equivalent buying power for Beverage materials including coffee and tea, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | - |
| 1998 | $19.73 | -1.36% |
| 1999 | $19.35 | -1.90% |
| 2000 | $19.59 | 1.21% |
| 2001 | $19.40 | -0.97% |
| 2002 | $19.26 | -0.70% |
| 2003 | $19.47 | 1.09% |
| 2004 | $19.51 | 0.20% |
| 2005 | $20.48 | 4.99% |
| 2006 | $20.82 | 1.61% |
| 2007 | $21.64 | 3.98% |
| 2008 | $22.56 | 4.21% |
| 2009 | $22.65 | 0.42% |
| 2010 | $22.79 | 0.63% |
| 2011 | $24.49 | 7.45% |
| 2012 | $24.73 | 0.98% |
| 2013 | $23.96 | -3.12% |
| 2014 | $23.77 | -0.79% |
| 2015 | $24.07 | 1.28% |
| 2016 | $23.67 | -1.68% |
| 2017 | $23.66 | -0.05% |
| 2018 | $23.34 | -1.34% |
| 2019 | $23.31 | -0.12% |
| 2020 | $23.55 | 1.02% |
| 2021 | $24.10 | 2.32% |
| 2022 | $26.96 | 11.88% |
| 2023 | $28.43 | 5.46%* |
* 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 Beverage materials including coffee and tea:
| 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 |
| CPI | 100.000 | 98.638 | 96.769 | 97.938 | 96.992 | 96.315 | 97.362 | 97.554 | 102.423 | 104.077 | 108.221 | 112.780 | 113.254 | 113.967 | 122.458 | 123.663 | 119.803 | 118.856 | 120.371 | 118.348 | 118.292 | 116.709 | 116.563 | 117.751 | 120.484 | 134.797 | 142.151 |