Carbonated drinks price inflation, 2023→2024

Carbonated Drinks Inflation Calculator

Prices for Carbonated Drinks, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for carbonated drinks are 3.29% higher in 2024 versus 2023 (a $0.66 difference in value).

Between 2023 and 2024: Carbonated drinks experienced an average inflation rate of 3.29% per year. This rate of change indicates significant inflation. In other words, carbonated drinks costing $20 in the year 2023 would cost $20.66 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for carbonated drinks was higher.

In the year 2023: Pricing changed by 7.76%, which is significantly above the average yearly change for carbonated drinks during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for carbonated drinks was much higher.

Price Inflation for Carbonated drinks since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (12%), 2022 (10.61%), and 1981 (10.02%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Carbonated drinks, 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	7.76%
2024	$20.66	3.29%*

* 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 Carbonated drinks:

Year	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	2021	2022	2023	2024
CPI	70.846	77.331	86.608	95.285	97.862	100.269	101.846	102.838	103.615	105.715	105.708	108.423	112.108	113.015	114.908	115.869	115.723	119.523	119.900	118.262	117.462	118.785	123.385	125.400	125.585	125.585	127.885	131.900	134.200	140.138	146.970	154.082	154.676	158.760	160.959	159.528	158.832	159.645	161.075	161.619	163.661	169.500	178.916	185.875	205.595	221.557	228.840

Adjust carbonated drinks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Carbonated drinks was 221.557 in the year 2023 and 228.840 in 2024:

228.840 / 221.557 * $20 = $20.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.66 in 2024 (in the CPI category of Carbonated drinks).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Carbonated drinks in 1978. In addition to carbonated drinks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.