According to the U.S. Bureau of Labor Statistics, prices for beverage materials including coffee and tea are 5.26% higher in 2024 versus 2022 (a $1.05 difference in value).
Between 2022 and 2024: Beverage materials including coffee and tea experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, beverage materials including coffee and tea costing $20 in the year 2022 would cost $21.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.28% during this same period, inflation for beverage materials including coffee and tea was lower.
In the year 2022: Pricing changed by 11.88%, which is significantly above the average yearly change for beverage materials including coffee and tea during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for beverage materials including coffee and tea was much higher.
Below are calculations of equivalent buying power for Beverage materials including coffee and tea, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $20.00 | 11.88% |
| 2023 | $21.04 | 5.21% |
| 2024 | $21.05 | 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:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 98.638 | 96.769 | 97.938 | 96.992 | 96.315 | 97.362 | 97.554 | 102.423 | 104.077 | 108.221 | 112.780 | 113.254 | 113.967 | 122.458 | 123.663 | 119.803 | 118.856 | 120.371 | 118.348 | 118.292 | 116.709 | 116.563 | 117.751 | 120.484 | 134.797 | 141.826 | 141.886 |