According to the U.S. Bureau of Labor Statistics, prices for cheese and related products were 8.86% higher in 2021 versus 2012 (a $1.77 difference in value).
Between 2012 and 2021: Cheese and related products experienced an average inflation rate of 0.95% per year. In other words, cheese and related products costing $20 in the year 2012 would cost $21.77 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.61% during this same period, inflation for cheese and related products was lower.
In the year 2012: Pricing changed by 2.24%, which is above the average yearly change for cheese and related products during the 2012-2021 time period. Compared to inflation for all items in 2012 (2.07%), inflation for cheese and related products was 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 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|