According to the U.S. Bureau of Labor Statistics, prices for beverage materials including coffee and tea are 24.56% higher in 2022 versus 2007 (a $4.91 difference in value).
Between 2007 and 2022: Beverage materials including coffee and tea experienced an average inflation rate of 1.47% per year. In other words, beverage materials including coffee and tea costing $20 in the year 2007 would cost $24.91 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.32% during this same period, inflation for beverage materials including coffee and tea was lower.
In the year 2007: Pricing changed by 3.98%, which is above the average yearly change for beverage materials including coffee and tea during the 2007-2022 time period. Compared to inflation for all items in 2007 (2.85%), inflation for beverage materials including coffee and tea was higher.
Below are calculations of equivalent buying power for Beverage materials including coffee and tea, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: