Beverage materials including coffee and tea priced at $20 in 1999 $29.30 in 2024

Beverage Materials Including Coffee And Tea Inflation Calculator

$

Prices for Beverage Materials Including Coffee And Tea, 1999-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beverage materials including coffee and tea are 46.50% higher in 2024 versus 1999 (a $9.30 difference in value).

Between 1999 and 2024: Beverage materials including coffee and tea experienced an average inflation rate of 1.54% per year. In other words, beverage materials including coffee and tea costing $20 in the year 1999 would cost $29.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for beverage materials including coffee and tea was lower.

In the year 1999: Pricing changed by -1.90%, which is significantly below the average yearly change for beverage materials including coffee and tea during the 1999-2024 time period. Compared to inflation for all items in 1999 (2.19%), inflation for beverage materials including coffee and tea was much lower.

Price Inflation for Beverage materials including coffee and tea since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (11.88%), 2011 (7.45%), and 2023 (5.21%).

View price changes for other categories
Milk · Bread · Educational books and supplies · Dental services · More

Buying power of $20.00 since 1999

Below are calculations of equivalent buying power for Beverage materials including coffee and tea, 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$20.00-1.90%
2000$20.241.21%
2001$20.05-0.97%
2002$19.91-0.70%
2003$20.121.09%
2004$20.160.20%
2005$21.174.99%
2006$21.511.61%
2007$22.373.98%
2008$23.314.21%
2009$23.410.42%
2010$23.550.63%
2011$25.317.45%
2012$25.560.98%
2013$24.76-3.12%
2014$24.56-0.79%
2015$24.881.28%
2016$24.46-1.68%
2017$24.45-0.05%
2018$24.12-1.34%
2019$24.09-0.12%
2020$24.341.02%
2021$24.902.32%
2022$27.8611.88%
2023$29.315.21%
2024$29.30-0.04%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.00098.63896.76997.93896.99296.31597.36297.554102.423104.077108.221112.780113.254113.967122.458123.663119.803118.856120.371118.348118.292116.709116.563117.751120.484134.797141.826141.769

Adjust beverage materials including coffee and tea prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1999 * 1999 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Beverage materials including coffee and tea was 96.769 in the year 1999 and 141.769 in 2024:

141.769 / 96.769 * $20 = $29.30

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1999 has the same "purchasing power" as $29.30 in 2024 (in the CPI category of Beverage materials including coffee and tea).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Beverage materials including coffee and tea in 1997. In addition to beverage materials including coffee and tea, 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.