According to the U.S. Bureau of Labor Statistics, prices for butter and margarine are 40.42% higher in 2023 versus 2017 (a $8.08 difference in value).
Between 2017 and 2023: Butter and margarine experienced an average inflation rate of 5.82% per year. This rate of change indicates significant inflation. In other words, butter and margarine costing $20 in the year 2017 would cost $28.08 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.42% during this same period, inflation for butter and margarine was higher.
In the year 2017: Pricing changed by 1.94%, which is significantly below the average yearly change for butter and margarine during the 2017-2023 time period. Compared to inflation for all items in 2017 (2.13%), inflation for butter and margarine was lower.
Below are calculations of equivalent buying power for Butter and margarine, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: