According to the U.S. Bureau of Labor Statistics, prices for cheese and related products were 4.99% higher in 2020 versus 2018 (a $1 difference in value).
Between 2018 and 2020: Cheese and related products experienced an average inflation rate of 2.46% per year. This rate of change indicates significant inflation. In other words, cheese and related products costing $20 in the year 2018 would cost $21 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.52% during this same period, inflation for cheese and related products was higher.
In the year 2018: Pricing changed by 0.33%, which is below the average yearly change for cheese and related products during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|