According to the U.S. Bureau of Labor Statistics, prices for cheese and related products are 14.42% higher in 2022 versus 2013 (a $2.88 difference in value).
Between 2013 and 2022: Cheese and related products experienced an average inflation rate of 1.51% per year. In other words, cheese and related products costing $20 in the year 2013 would cost $22.88 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for cheese and related products was lower.
In the year 2013: Pricing changed by -0.23%, which is below the average yearly change for cheese and related products during the 2013-2022 time period. Compared to inflation for all items in 2013 (1.46%), inflation for cheese and related products was lower.
Below are calculations of equivalent buying power for Cheese and related products, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cheese and related products: