According to the U.S. Bureau of Labor Statistics, prices for butter and margarine are 81.61% higher in 2024 versus 2008 (a $16.32 difference in value).
Between 2008 and 2024: Butter and margarine experienced an average inflation rate of 3.80% per year. This rate of change indicates significant inflation. In other words, butter and margarine costing $20 in the year 2008 would cost $36.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.37% during this same period, inflation for butter and margarine was higher.
In the year 2008: Pricing changed by 13.36%, which is significantly above the average yearly change for butter and margarine during the 2008-2024 time period. Compared to inflation for all items in 2008 (3.84%), 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 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2008 | $20.00 | 13.36% |
2009 | $20.19 | 0.94% |
2010 | $20.81 | 3.09% |
2011 | $23.84 | 14.55% |
2012 | $23.80 | -0.17% |
2013 | $23.81 | 0.06% |
2014 | $25.57 | 7.35% |
2015 | $25.81 | 0.94% |
2016 | $26.00 | 0.77% |
2017 | $26.51 | 1.94% |
2018 | $26.60 | 0.33% |
2019 | $26.68 | 0.29% |
2020 | $26.87 | 0.73% |
2021 | $27.24 | 1.38% |
2022 | $33.69 | 23.66% |
2023 | $35.94 | 6.68% |
2024 | $36.32 | 1.06%* |
* 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 | 280.534 |