Cheese and related products priced at $20 in 2016 $23.05 in 2024

Cheese And Related Products Inflation Calculator


Prices for Cheese And Related Products, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cheese and related products are 15.26% higher in 2024 versus 2016 (a $3.05 difference in value).

Between 2016 and 2024: Cheese and related products experienced an average inflation rate of 1.79% per year. In other words, cheese and related products costing $20 in the year 2016 would cost $23.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.34% during this same period, inflation for cheese and related products was lower.

In the year 2016: Pricing changed by -2.43%, which is significantly below the average yearly change for cheese and related products during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for cheese and related products was much lower.

Price Inflation for Cheese and related products since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (12.33%), 2008 (12.05%), and 1990 (11.58%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Cheese and related products, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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 Cheese and related products:


Adjust cheese and related products prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Cheese and related products was 227.960 in the year 2016 and 262.747 in 2024:

262.747 / 227.960 * $20 = $23.05

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $23.05 in 2024 (in the CPI category of Cheese and related products).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Cheese and related products in 1977. In addition to cheese and related products, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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