According to the U.S. Bureau of Labor Statistics, prices for cheese and related products were 3.44% higher in 2021 versus 2014 (a $0.69 difference in value).
Between 2014 and 2021: Cheese and related products experienced an average inflation rate of 0.48% per year. In other words, cheese and related products costing $20 in the year 2014 would cost $20.69 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.63% during this same period, inflation for cheese and related products was lower.
In the year 2014: Pricing changed by 5.48%, which is significantly above the average yearly change for cheese and related products during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), 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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|