According to the U.S. Bureau of Labor Statistics, prices for cheese and related products were 5.34% higher in 2020 versus 2017 (a $1.07 difference in value).
Between 2017 and 2020: Cheese and related products experienced an average inflation rate of 1.75% per year. In other words, cheese and related products costing $20 in the year 2017 would cost $21.07 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for cheese and related products was lower.
In the year 2017: Pricing changed by 0.23%, which is below the average yearly change for cheese and related products during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for cheese and related products was lower.
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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|