Butter priced at $3.18 in 2015 $4.26 in 2024

Butter Inflation Calculator

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Prices for Butter, 2015-2024 ($3.18)

According to the U.S. Bureau of Labor Statistics, prices for butter are 34.05% higher in 2024 versus 2015 (a $1.08 difference in value).

The current national average price is $3.18 for "Butter, salted, grade AA, stick, per lb. (453.6 gm)". This data is collected by a national survey and can vary from region to region.

Between 2015 and 2024: Butter experienced an average inflation rate of 3.31% per year. This rate of change indicates significant inflation. In other words, butter costing $3.18 in the year 2015 would cost $4.26 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.07% during this same period, inflation for butter was higher.

In the year 2015: Pricing changed by 2.40%, which is below the average yearly change for butter during the 2015-2024 time period. Compared to inflation for all items in 2015 (0.12%), inflation for butter was higher.

Price Inflation for Butter since 1939

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1946 (41.08%), 1998 (31.11%), and 2004 (29.15%).

Price history

The average price for Butter is calculated from a weighted average of retailer data collected by the Bureau of Labor Statistics. Inflation rate is also calculated by the Bureau of Labor Statistics. The table below shows average prices and their corresponding "real" prices adjusted for inflation rate. To understand how price levels differ from inflation rates, see this article published by the BLS.

Average prices for Butter, salted, grade AA, stick, per lb. (453.6 gm):

YearAverage price (Butter)Inflation adjusted price (2024 dollars)
2012$3.38$3.38
2011$3.60$3.35
2010$3.12$3.36
2009$2.84$3.37
2008$3.14$3.45
2007$3.03$3.49
2006$2.92$3.35
2005$3.28$3.49
2004$3.49$3.66
2003$2.81$3.81
2002$3.07$3.86
2001$3.30$3.77
2000$2.52$3.64
1999$2.65$3.57
1998$2.86$3.73
1997$2.17$3.70
1996$2.05$3.73
1995$1.61$3.68
1994$1.60$3.79
1993$1.66$3.75
1992$1.83$3.88
1991$1.94$3.96
1990$1.99$3.97
1989$2.13$3.98
1988$2.16$4.03
1987$2.17$4.04
1986$2.15$4.08
1985$2.12$4.04
1984$2.11$4.05
1983$2.06$4.07
1982$2.05$4.08
1981$1.99$4.06
1980$1.88$4.12

View price changes for other categories
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Buying power of $3.18 since 2015

Below are calculations of equivalent buying power for Butter, over time, for $3.18 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2015$3.182.40%
2016$3.200.71%
2017$3.282.53%
2018$3.331.44%
2019$3.371.12%
2020$3.400.84%
2021$3.39-0.10%
2022$4.0519.42%
2023$4.183.11%
2024$4.262.02%*

* 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:

Year19391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI14.50816.14618.46921.26923.43122.26922.54631.80836.08538.89232.50832.68536.69238.33835.60032.62331.97732.70833.69233.66234.15434.00034.72334.21534.15434.50035.05438.13839.19239.50040.00040.95441.46241.27743.39244.74648.69260.00863.42370.31579.55489.40096.23198.41599.569101.992103.092103.400105.254104.931104.96298.47795.80892.40886.76982.88585.685107.600114.754150.454145.754135.862171.615155.954144.877187.115184.592171.162170.683178.170165.401182.593210.795196.102198.410227.375232.833234.484240.409243.882246.620248.691248.454296.713305.928312.105

Adjust butter prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2015 * 2015 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Butter was 232.833 in the year 2015 and 312.105 in 2024:

312.105 / 232.833 * $3.18 = $4.26

Therefore, according to U.S. Bureau of Labor Statistics, $3.18 in 2015 has the same "purchasing power" as $4.26 in 2024 (in the CPI category of Butter).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Butter in 1939. In addition to butter, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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