According to the U.S. Bureau of Labor Statistics, prices for butter and margarine are 1.17% higher in 2024 versus 2023 (a $0.23 difference in value).
Between 2023 and 2024: Butter and margarine experienced an average inflation rate of 1.17% per year. In other words, butter and margarine costing $20 in the year 2023 would cost $20.23 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for butter and margarine was lower.
In the year 2023: Pricing changed by 6.68%, which is significantly above the average yearly change for butter and margarine during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for butter and margarine was higher.
Below are calculations of equivalent buying power for Butter and margarine, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | 6.68% |
| 2024 | $20.23 | 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 |