Butter and margarine price history from 2002 through 2019

Butter And Margarine Inflation Calculator

Prices for Butter And Margarine, 2002-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for butter and margarine were 70.30% higher in 2019 versus 2002 (a $14.06 difference in value).

Between 2002 and 2019: Butter and margarine experienced an average inflation rate of 3.18% per year. This rate of change indicates significant inflation. In other words, butter and margarine costing $20 in the year 2002 would cost $34.06 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for butter and margarine was higher.

Price Inflation for Butter and margarine since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2004 (14.83%), 2011 (14.51%), and 2008 (13.39%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Butter and margarine:

Year	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019
CPI	121.008	119.483	137.208	136.233	132.567	136.240	154.483	155.920	160.766	184.091	183.747	183.909	197.431	199.302	200.863	204.783	205.471	206.075

View price changes for other categories
Phoenix, Arizona · Medical care · St Louis, Missouri · Wine at home · More

Buying power of $20 since 2002

Below are calculations of equivalent buying power for Butter and margarine, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2002	$20.00	-
2003	$19.75	-1.26%
2004	$22.68	14.83%
2005	$22.52	-0.71%
2006	$21.91	-2.69%
2007	$22.52	2.77%
2008	$25.53	13.39%
2009	$25.77	0.93%
2010	$26.57	3.11%
2011	$30.43	14.51%
2012	$30.37	-0.19%
2013	$30.40	0.09%
2014	$32.63	7.35%
2015	$32.94	0.95%
2016	$33.20	0.78%
2017	$33.85	1.95%
2018	$33.96	0.34%
2019	$34.06	0.29%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for butter and margarine, 2002-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2002 * 2002 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Butter and margarine was 121.008 in the year 2002 and 206.075 in 2019:

206.075 / 121.008 * $20 = $34.06

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $34.06 in 2019 (in the CPI category of Butter and margarine).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Butter and margarine in 2002. In addition to butter and margarine, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.