Butter and margarine priced at $20 in 2008 $36.04 in 2024

Butter And Margarine Inflation Calculator

$

Prices for Butter And Margarine, 2008-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for butter and margarine are 80.22% higher in 2024 versus 2008 (a $16.04 difference in value).

Between 2008 and 2024: Butter and margarine experienced an average inflation rate of 3.75% per year. This rate of change indicates significant inflation. In other words, butter and margarine costing $20 in the year 2008 would cost $36.04 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.34% 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.

Price Inflation for Butter and margarine since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (23.66%), 2001 (14.89%), and 2004 (14.87%).

View price changes for other categories
Parking fees and tolls · College tuition and fees · Wine at home · Hospital services · More

Buying power of $20.00 since 2008

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:

YearUSD ValueInflation Rate
2008$20.0013.36%
2009$20.190.94%
2010$20.813.09%
2011$23.8414.55%
2012$23.80-0.17%
2013$23.810.06%
2014$25.577.35%
2015$25.810.94%
2016$26.000.77%
2017$26.511.94%
2018$26.600.33%
2019$26.680.29%
2020$26.870.73%
2021$27.241.38%
2022$33.6923.66%
2023$35.946.68%
2024$36.040.29%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000111.677111.569108.123124.223120.977119.462137.223136.277132.631136.260154.470155.924160.740184.122183.813183.932197.454199.308200.844204.749205.432206.035207.531210.403260.194277.584278.393

Adjust butter and margarine prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2008 * 2008 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Butter and margarine was 154.470 in the year 2008 and 278.393 in 2024:

278.393 / 154.470 * $20 = $36.04

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $36.04 in 2024 (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 1997. 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.

» Read more about inflation and investment.