According to the U.S. Bureau of Labor Statistics, prices for cheese and related products were 11.31% higher in 2021 versus 2011 (a $2.26 difference in value).
Between 2011 and 2021: Cheese and related products experienced an average inflation rate of 1.08% per year. In other words, cheese and related products costing $20 in the year 2011 would cost $22.26 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.66% during this same period, inflation for cheese and related products was lower.
In the year 2011: Pricing changed by 6.19%, which is significantly above the average yearly change for cheese and related products during the 2011-2021 time period. Compared to inflation for all items in 2011 (3.16%), inflation for cheese and related products was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cheese and related products:
Below are calculations of equivalent buying power for Cheese and related products, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|