Beverage materials including coffee and tea priced at $20 in 2023 $20 in 2024

Beverage Materials Including Coffee And Tea Inflation Calculator

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Prices for Beverage Materials Including Coffee And Tea, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for beverage materials including coffee and tea are 0.01% higher in 2024 versus 2023 (a $0 difference in value).

Between 2023 and 2024: Beverage materials including coffee and tea experienced an average inflation rate of 0.01% per year. In other words, beverage materials including coffee and tea costing $20 in the year 2023 would cost $20 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for beverage materials including coffee and tea was lower.

In the year 2023: Pricing changed by 5.21%, which is significantly above the average yearly change for beverage materials including coffee and tea during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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 2023 (5.21%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Beverage materials including coffee and tea, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.005.21%
2024$20.000.01%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.00098.63896.76997.93896.99296.31597.36297.554102.423104.077108.221112.780113.254113.967122.458123.663119.803118.856120.371118.348118.292116.709116.563117.751120.484134.797141.826141.833

Adjust beverage materials including coffee and tea prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Beverage materials including coffee and tea was 141.826 in the year 2023 and 141.833 in 2024:

141.833 / 141.826 * $20 = $20

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20 in 2024 (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.

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