Beverage materials including coffee and tea priced at $20 in 2008 $23.90 in 2022

Beverage Materials Including Coffee And Tea Inflation Calculator

$

Prices for Beverage Materials Including Coffee And Tea, 2008-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beverage materials including coffee and tea are 19.52% higher in 2022 versus 2008 (a $3.90 difference in value).

Between 2008 and 2022: Beverage materials including coffee and tea experienced an average inflation rate of 1.28% per year. In other words, beverage materials including coffee and tea costing $20 in the year 2008 would cost $23.90 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.22% during this same period, inflation for beverage materials including coffee and tea was lower.

In the year 2008: Pricing changed by 4.21%, which is above the average yearly change for beverage materials including coffee and tea during the 2008-2022 time period. Compared to inflation for all items in 2008 (3.84%), inflation for beverage materials including coffee and tea was higher.

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 2005 (4.99%).

View price changes for other categories
Legal services · Boston, Massachusetts · Dallas-Fort Worth, Texas · San Diego, California · More

Buying power of $20.00 since 2008

Below are calculations of equivalent buying power for Beverage materials including coffee and tea, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$20.004.21%
2009$20.080.42%
2010$20.210.63%
2011$21.727.45%
2012$21.930.98%
2013$21.25-3.12%
2014$21.08-0.79%
2015$21.351.28%
2016$20.99-1.68%
2017$20.98-0.05%
2018$20.70-1.34%
2019$20.67-0.12%
2020$20.881.02%
2021$21.372.32%
2022$23.9011.88%*

* 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:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.00098.63896.76997.93896.99296.31597.36297.554102.423104.077108.221112.780113.254113.967122.458123.663119.803118.856120.371118.348118.292116.709116.563117.751120.484134.797

Adjust beverage materials including coffee and tea prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2008 * 2008 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Beverage materials including coffee and tea was 112.780 in the year 2008 and 134.797 in 2022:

134.797 / 112.780 * $20 = $23.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $23.90 in 2022 (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.