According to the U.S. Bureau of Labor Statistics, prices for butter and margarine are 151.48% higher in 2024 versus 1998 (a $30.30 difference in value).
Between 1998 and 2024: Butter and margarine experienced an average inflation rate of 3.61% per year. This rate of change indicates significant inflation. In other words, butter and margarine costing $20 in the year 1998 would cost $50.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for butter and margarine was higher.
In the year 1998: Pricing changed by 11.68%, which is significantly above the average yearly change for butter and margarine during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for butter and margarine was much higher.
Below are calculations of equivalent buying power for Butter and margarine, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 11.68% |
| 1999 | $19.98 | -0.10% |
| 2000 | $19.36 | -3.09% |
| 2001 | $22.25 | 14.89% |
| 2002 | $21.67 | -2.61% |
| 2003 | $21.39 | -1.25% |
| 2004 | $24.58 | 14.87% |
| 2005 | $24.41 | -0.69% |
| 2006 | $23.75 | -2.68% |
| 2007 | $24.40 | 2.74% |
| 2008 | $27.66 | 13.36% |
| 2009 | $27.92 | 0.94% |
| 2010 | $28.79 | 3.09% |
| 2011 | $32.97 | 14.55% |
| 2012 | $32.92 | -0.17% |
| 2013 | $32.94 | 0.06% |
| 2014 | $35.36 | 7.35% |
| 2015 | $35.69 | 0.94% |
| 2016 | $35.97 | 0.77% |
| 2017 | $36.67 | 1.94% |
| 2018 | $36.79 | 0.33% |
| 2019 | $36.90 | 0.29% |
| 2020 | $37.17 | 0.73% |
| 2021 | $37.68 | 1.38% |
| 2022 | $46.60 | 23.66% |
| 2023 | $49.71 | 6.68% |
| 2024 | $50.30 | 1.17%* |
* 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 Butter and margarine:
| 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 | 111.677 | 111.569 | 108.123 | 124.223 | 120.977 | 119.462 | 137.223 | 136.277 | 132.631 | 136.260 | 154.470 | 155.924 | 160.740 | 184.122 | 183.813 | 183.932 | 197.454 | 199.308 | 200.844 | 204.749 | 205.432 | 206.035 | 207.531 | 210.403 | 260.194 | 277.584 | 280.842 |