According to the U.S. Bureau of Labor Statistics, prices for butter were 598.57% higher in 2020 versus 1953 (a $119.71 difference in value).
Between 1953 and 2020: Butter experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, butter costing $20 in the year 1953 would cost $139.71 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation for butter was lower.
In the year 1953: Pricing changed by -7.14%, which is significantly below the average yearly change for butter during the 1953-2020 time period. Compared to inflation for all items in 1953 (0.81%), inflation for butter was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Butter:
Year | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
CPI | 14.508 | 16.146 | 18.469 | 21.269 | 23.431 | 22.269 | 22.546 | 31.808 | 36.085 | 38.892 | 32.508 | 32.685 | 36.692 | 38.338 | 35.600 | 32.623 | 31.977 | 32.708 | 33.692 | 33.662 | 34.154 | 34.000 | 34.723 | 34.215 | 34.154 | 34.500 | 35.054 | 38.138 | 39.192 | 39.500 | 40.000 | 40.954 | 41.462 | 41.277 | 43.392 | 44.746 | 48.692 | 60.008 | 63.423 | 70.315 | 79.554 | 89.400 | 96.231 | 98.415 | 99.569 | 101.992 | 103.092 | 103.400 | 105.254 | 104.931 | 104.962 | 98.477 | 95.808 | 92.408 | 86.769 | 82.885 | 85.685 | 107.600 | 114.754 | 150.454 | 145.754 | 135.862 | 171.615 | 155.954 | 144.877 | 187.115 | 184.592 | 171.162 | 170.683 | 178.170 | 165.401 | 182.593 | 210.795 | 196.102 | 198.410 | 227.375 | 232.833 | 234.484 | 240.409 | 243.882 | 246.620 | 248.691 |
Below are calculations of equivalent buying power for Butter, over time, for $20 beginning in 1953. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1953 | $20.00 | -7.14% |
1954 | $18.33 | -8.36% |
1955 | $17.96 | -1.98% |
1956 | $18.38 | 2.29% |
1957 | $18.93 | 3.01% |
1958 | $18.91 | -0.09% |
1959 | $19.19 | 1.46% |
1960 | $19.10 | -0.45% |
1961 | $19.51 | 2.13% |
1962 | $19.22 | -1.46% |
1963 | $19.19 | -0.18% |
1964 | $19.38 | 1.01% |
1965 | $19.69 | 1.61% |
1966 | $21.43 | 8.80% |
1967 | $22.02 | 2.76% |
1968 | $22.19 | 0.79% |
1969 | $22.47 | 1.27% |
1970 | $23.01 | 2.38% |
1971 | $23.29 | 1.24% |
1972 | $23.19 | -0.45% |
1973 | $24.38 | 5.12% |
1974 | $25.14 | 3.12% |
1975 | $27.36 | 8.82% |
1976 | $33.71 | 23.24% |
1977 | $35.63 | 5.69% |
1978 | $39.50 | 10.87% |
1979 | $44.69 | 13.14% |
1980 | $50.22 | 12.38% |
1981 | $54.06 | 7.64% |
1982 | $55.29 | 2.27% |
1983 | $55.94 | 1.17% |
1984 | $57.30 | 2.43% |
1985 | $57.92 | 1.08% |
1986 | $58.09 | 0.30% |
1987 | $59.13 | 1.79% |
1988 | $58.95 | -0.31% |
1989 | $58.97 | 0.03% |
1990 | $55.32 | -6.18% |
1991 | $53.82 | -2.71% |
1992 | $51.91 | -3.55% |
1993 | $48.75 | -6.10% |
1994 | $46.56 | -4.48% |
1995 | $48.14 | 3.38% |
1996 | $60.45 | 25.58% |
1997 | $64.47 | 6.65% |
1998 | $84.52 | 31.11% |
1999 | $81.88 | -3.12% |
2000 | $76.33 | -6.79% |
2001 | $96.41 | 26.32% |
2002 | $87.61 | -9.13% |
2003 | $81.39 | -7.10% |
2004 | $105.12 | 29.15% |
2005 | $103.70 | -1.35% |
2006 | $96.16 | -7.28% |
2007 | $95.89 | -0.28% |
2008 | $100.10 | 4.39% |
2009 | $92.92 | -7.17% |
2010 | $102.58 | 10.39% |
2011 | $118.42 | 15.45% |
2012 | $110.17 | -6.97% |
2013 | $111.47 | 1.18% |
2014 | $127.74 | 14.60% |
2015 | $130.80 | 2.40% |
2016 | $131.73 | 0.71% |
2017 | $135.06 | 2.53% |
2018 | $137.01 | 1.44% |
2019 | $138.55 | 1.12% |
2020 | $139.71 | 0.84%* |