According to the U.S. Bureau of Labor Statistics, prices for cheese and related products are 15.43% higher in 2024 versus 2016 (a $3.09 difference in value).
Between 2016 and 2024: Cheese and related products experienced an average inflation rate of 1.81% per year. In other words, cheese and related products costing $20 in the year 2016 would cost $23.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% 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.
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:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | -2.43% |
| 2017 | $20.05 | 0.23% |
| 2018 | $20.11 | 0.33% |
| 2019 | $20.06 | -0.25% |
| 2020 | $21.12 | 5.26% |
| 2021 | $21.16 | 0.19% |
| 2022 | $23.04 | 8.91% |
| 2023 | $23.51 | 2.05% |
| 2024 | $23.09 | -1.82%* |
* 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:
| Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 68.500 | 71.769 | 80.615 | 88.708 | 96.092 | 98.531 | 100.162 | 101.308 | 103.215 | 103.554 | 105.938 | 109.238 | 117.562 | 131.177 | 132.808 | 135.469 | 135.323 | 136.438 | 137.862 | 144.654 | 147.700 | 152.262 | 162.631 | 162.800 | 167.577 | 170.008 | 169.377 | 180.777 | 183.292 | 180.800 | 191.472 | 214.546 | 203.457 | 204.845 | 217.517 | 222.400 | 221.887 | 234.051 | 233.634 | 227.960 | 228.493 | 229.246 | 228.663 | 240.683 | 241.148 | 262.626 | 267.998 | 263.133 |