Cheese and related products priced at $20 in 2018 $23.69 in 2023

Cheese And Related Products Inflation Calculator

$

Prices for Cheese And Related Products, 2018-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for cheese and related products are 18.47% higher in 2023 versus 2018 (a $3.69 difference in value).

Between 2018 and 2023: Cheese and related products experienced an average inflation rate of 3.45% per year. This rate of change indicates significant inflation. In other words, cheese and related products costing $20 in the year 2018 would cost $23.69 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for cheese and related products was lower.

In the year 2018: Pricing changed by 0.33%, which is significantly below the average yearly change for cheese and related products during the 2018-2023 time period. Compared to inflation for all items in 2018 (2.44%), inflation for cheese and related products was 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%).

View price changes for other categories
Admission to sporting events · Juices and nonalcoholic drinks · Food · Women's apparel · More

Buying power of $20.00 since 2018

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:

YearUSD ValueInflation Rate
2018$20.000.33%
2019$19.95-0.25%
2020$21.005.26%
2021$21.040.19%
2022$22.918.91%
2023$23.693.41%*

* 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:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI68.50071.76980.61588.70896.09298.531100.162101.308103.215103.554105.938109.238117.562131.177132.808135.469135.323136.438137.862144.654147.700152.262162.631162.800167.577170.008169.377180.777183.292180.800191.472214.546203.457204.845217.517222.400221.887234.051233.634227.960228.493229.246228.663240.683241.148262.626271.591

Adjust cheese and related products prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2018 * 2018 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Cheese and related products was 229.246 in the year 2018 and 271.591 in 2023:

271.591 / 229.246 * $20 = $23.69

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $23.69 in 2023 (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.

» Read more about inflation and investment.