According to the U.S. Bureau of Labor Statistics, prices for beverage materials including coffee and tea were 4.41% higher in 2020 versus 2008 (a $0.88 difference in value).
Between 2008 and 2020: Beverage materials including coffee and tea experienced an average inflation rate of 0.36% per year. In other words, beverage materials including coffee and tea costing $20 in the year 2008 would cost $20.88 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.55% 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 significantly above the average yearly change for beverage materials including coffee and tea during the 2008-2020 time period. Compared to inflation for all items in 2008 (3.84%), inflation for beverage materials including coffee and tea was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Beverage materials including coffee and tea:
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:
|Year||USD Value||Inflation Rate|