Butter and margarine priced at $20 in 2016 $24.02 in 2022

Butter And Margarine Inflation Calculator

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Prices for Butter And Margarine, 2016-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for butter and margarine are 20.08% higher in 2022 versus 2016 (a $4.02 difference in value).

Between 2016 and 2022: Butter and margarine experienced an average inflation rate of 3.10% per year. This rate of change indicates significant inflation. In other words, butter and margarine costing $20 in the year 2016 would cost $24.02 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.11% during this same period, inflation for butter and margarine was lower.

In the year 2016: Pricing changed by 0.77%, which is below the average yearly change for butter and margarine during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for butter and margarine was lower.

Price Inflation for Butter and margarine since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2001 (14.89%), 2004 (14.87%), and 2022 (14.63%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Butter and margarine, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.000.77%
2017$20.391.94%
2018$20.460.33%
2019$20.520.29%
2020$20.670.73%
2021$20.951.38%
2022$24.0214.63%*
* Not final. See inflation summary for latest details.

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

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000111.677111.569108.123124.223120.977119.462137.223136.277132.631136.260154.470155.924160.740184.122183.813183.932197.454199.308200.844204.749205.432206.035207.531210.403241.179

Adjust butter and margarine prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Butter and margarine was 200.844 in the year 2016 and 241.179 in 2022:

241.179 / 200.844 * $20 = $24.02

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.02 in 2022 (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.

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