According to the U.S. Bureau of Labor Statistics, prices for beverage materials including coffee and tea were 2.96% lower in 2021 versus 2011 (a $0.59 difference in value).
Between 2011 and 2021: Beverage materials including coffee and tea experienced an average inflation rate of -0.30% per year. In other words, beverage materials including coffee and tea costing $20 in the year 2011 would cost $19.41 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.66% during this same period, inflation for beverage materials including coffee and tea was lower.
In the year 2011: Pricing changed by 7.45%, which is significantly above the average yearly change for beverage materials including coffee and tea during the 2011-2021 time period. Compared to inflation for all items in 2011 (3.16%), inflation for beverage materials including coffee and tea was much 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 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|