According to the U.S. Bureau of Labor Statistics, prices for cheese and related products were 0.59% higher in 2021 versus 2020 (a $0.12 difference in value).
Between 2020 and 2021: Cheese and related products experienced an average inflation rate of 0.59% per year. In other words, cheese and related products costing $20 in the year 2020 would cost $20.12 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for cheese and related products was lower.
In the year 2020: Pricing changed by 5.26%, which is significantly above the average yearly change for cheese and related products during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for cheese and related products was much higher.
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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|